2 bedroom flat for saleVICTORIA AVENUE, Shanklin, PO37
- Two First Floor Apartments
- One 2 Bedroom, One 1 Bedroom
- New Long Lease to be Granted
- Allocated Parking
- Communal Gardens
An opportunity to acquire a pair of flats which would make an ideal investment with a gross return of 5.8% (based on full occupation).
The two flats form part of the Ashcombe Court development, which is the conversion and extension of a large detached Victorian property that is arranged as 18 self-contained units. Many of the properties are already let and some are owner occupied. Ashcombe Court is situated about half a mile from the Town Centre on a tree-lined avenue and is fairly close to the Old Village area of Shanklin, the Cricket Ground and only slightly further to the Cliff Path and Beach.
Both flats are currently let on Assured Shorthold Tenancies with No 3 at a rent of £350 pcm AND 3a at £375 pcm.
The flats are adjacent and share a communal Entrance Lobby and both are heated by electric heaters and 3a has new replacement uPVC framed double glazed windows. 3a also has a large L-shaped storeroom which has the potential for an occasional second bedroom.
They comprise :-
of a large detached Victorian property that is arranged as 18 self-contained units.
LIVING ROOM 11'3" x 7'5" (3.42m x 2.27m) with night storage heater, arched opening into the
KITCHEN 7'5" x 9'3" (2.27m x 2.82m) with fitted range of green laminate Shaker style units comprising of base cupboards and drawers with matching wall cupboards and beech wood effect laminate worktops. Inset single draining stainless steel sink, plumbing for automatic washing machine and breakfast bar. Cupboard housing insulated Fortic Tank with immersion heater
BATHROOM having half panelled walls and white suite of panelled bath, pedestal wash basin and close coupled WC. Wall mounted electric fan heater, wood panelled ceiling and recess spotlights
BEDROOM 10'8" x 8'10" (3.25m x 2.69m) with night storage heater and cupboard containing electric meter and fuse box
ENTRANCE HALL with night storage heater
KITCHEN/DINER 10'7" x 7'9" (3.23m x 2.37m) fitted in range of white Shaker style units comprising of base cupboards and drawers with matching wall cabinets and beech effect laminate worktops. Inset single draining stainless steel sink, plumbing for automatic washing machine and electric extractor fan
LIVING ROOM 10'10" x 12'1" (3.32m x 3.68m) with a Southerly aspect and some good Downland views. Night storage heater
BEDROOM 10'10" x 11'1" (3.32m x 3.38m) with a night storage heater and cupboard housing insulated water tank with electric immersion heater. Double doors to
EN-SUITE SHOWER/WC having a tiled shower cubicle with Triton T70Si electric shower unit and glass panelled door. Pendestal wash basin and close coupled WC. Extractor fan and shaver point/striplight point.
STOREROOM/BEDROOM TWO/STUDY 14'10" x 4'6" (4.53m x 1.39m) with electric panel heater and cupboard containing key meter and fuses
At the front of the property is a residents communal carpark with allocated space for each flat. At the rear is a communal garden area which is paved with some ornamental trees and shrubs
TENURE Leasehold. New long Leases will be created at a nominal ground rent and annual service charge is expected to be approximately £880 per annum per flat.
SERVICES Mains electric drainage and water are connected
COUNCIL TAX Band A. Can be confirmed by the Isle of Wight Council (01983 823901).
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