1 bedroom flat for sale

Victoria Avenue, Shanklin

£85,000

Property Description

Full description

Tenure: Leasehold

An opportunity to acquire a self-contained one bedroom flat that would make an ideal investment with a gross return of in excess of 5% per annum based on full occupancy.

The first floor flat forms part of the Ashcombe Court development which is a conversion and extension of a large Victorian property which is now 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.

The flat is currently let on an Assured Shorthold Tenancy at a rent of £395 per calendar month exclusive. The flat is accessed via an external staircase with an entrance lobby which is shared between this and its neighbouring flat only.

The accommodation is warmed by electric heaters and has replacement uPVC double glazed windows. There is also a large

L-shaped storeroom which has the potential for the occasional second bedroom. It comprises:-

External metal staircase to First Floor 

COMMUNCAL ENTRANCE LOBBY  

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. Pedestal wash basin and close coupled WC. Extractor fan and shaver point/strip light 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 

OUTSIDE At the front of the property is a residents communal car park 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). 

N.B. THE VENDOR WOULD CONSIDER SELLING THE FLATS AS INDIVIDUAL UNITS.  

VIEWING STRICTLY BY APPOINTMENT THROUGH ARTHUR WHEELER ESTATE AGENTS (01983) 868333 


More information from this agent

Listing History

Added on Rightmove:
01 June 2017

Nearest stations

  • Shanklin (0.6 mi)
  • Lake (1.6 mi)
  • Sandown (2.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

01983 646064 Local call rate

How much will it cost me to call the number displayed on the site?

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To view this property or request more details, contact:

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

01983 646064 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Shanklin (0.6 mi)
  • Lake (1.6 mi)
  • Sandown (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

01983 646064 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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