4 bedroom triplex for saleHigh Street, Sandown, Isle Of Wight, PO36
Sold STC £195,000
An opportunity to acquire three flats for investment, two of which are currently let on Assured Shorthold Tenancies and being well located in the heart of the Town Centre and offering a convenient location to the amenities that include the Beach/Esplanade, a good selection of shops including a Sainsbury's Local, The Heights Leisure Centre and the Post Office.
Within the sales particulars are the rents received individually together with the commencement details of the Assured Shorthold Tenancies. Flats 2 and 3 have undergone refurbishment in recent times.
In our opinion, the flats would be an ideal purchase for an investor seeking a good yield for their money.
The flats comprise :-
Main Front Door, Communal Entrance and Stairs leading to FIRST FLOOR and Landing
FLAT 1 (FIRST FLOOR)
SITTING ROOM L-shaped 14'11" max reducing to 10'10" x 17'9" average (3.30m max x 4.57m x 5.43m) with radiator, fireplace, laminate flooring and box bay window overlooking High Street. Door to
KITCHEN 12'4" x 6'4" (3.76m x 1.94m) with single drainer stainless steel sink inset in black gloss granite effect worktops with range of beech faced effect shaker style wall and base units comprising cupboards under and wall cabinets over. Recess plumbing for washing machine, electric hob with oven under and extractor unit over. Further worktop area, tiled splashbacks, radiator and wall hung Worcester Bosch 230 gas fired combi boiler supplying domestic hot water and central heating, uPVC double glazed window with view towards the Pier and the sea
BEDROOM 12'5 average x 10'9" max (3.79m x 3.29) with radiator, fireplace and replacement uPVC double glazed window overlooking the High Street. Door to
EN-SUITE BATHROOM with white suite comprising small bath with shower unit over with rail and curtain and tiled recess, pedestal wash basin with tiled splashback and low level WC. Extractor unit.
FLAT 3 (FIRST FLOOR)
BED/SITTING ROOM INCORPORATING KITCHEN AREA 11'3" exclusive x 10'10" average (3.44m x 3.31m) with stainless steel sink unit inset in laminate worktop with wall and base units. Two plate electric hob, sliding door to
SHOWER ROOM with shower cubicle, basin and WC
FLAT 2 (SECOND FLOOR)
LOUNGE 15'1" x 16'8" average (4.60m x 5.09m) with feature exposed brickwork to one wall, fireplace, TV point and radiator. Window overlooking the High Street
KITCHEN 6'11" X 9'10" (2.12m x 3.01m) with single drainer stainless steel sink unit with mixer tap inset in black laminate worktop with range of beech faced wall and base units. Built in electric hob with electric oven under and extractor unit over. Views towards the Pier and the sea.
BEDROOM 1 11'6" exclusive x 12' max (3.52m x 3.68m) with radiator and cupboard over stairs
BEDROOM 2 10'9" x 12'4" (3.20m x 3.77m) with radiator and cupboard over stairs. Window overlooking the High Street.
BATHROOM/WC with white suite comprising panelled bath, pedestal wash basin and low level WC. Shower over bath with glazed screen, radiator. Gas fired boiler supplying domestic hot water and central heating.
The flats are let on six months Assured Shorthold Tenancies and the details are as follows with approximate commencement dates :-
Flat 1 - £400 pcm exclusive from July 2015
Flat 2 - £550 pcm exclusive from February 2015
Flat 3 - Flat 3- £350 pcm inclusive from October 2016
TENURE Leasehold. Held on the residue of a 999 year lease (less 3 days) from 10th December 1853 at a Ground Rent of £25 per year
SERVICES All mains are available (No gas to Flat 3)
COUNCIL TAX All Flats are Band A. Can be confirmed by the Isle of Wight Council (01983 823901).
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