4 bed block of flats for sale

16 Warwick Street, Ryde, Isle Of Wight PO33

Originally a public house, this freehold detached building was converted into apartments approximately 20 years ago and has since been let and produced a very worthwhile rental income. Now sold due to retirement, the property is considered ideal for addition to an income producing letting portfolio.

The building is arranged as two one-bedroom flats on the ground floor with one to the front and one to the rear of the building. The whole of the first floor comprises a larger two-bedroom unit.

The ground floor rear flat has a small private garden whilst the ground floor front flat and first floor flat share a small communal garden also to the rear of the building.

Ground Floor - Front
Flat 16A
Living room/kitchen, bedroom and shower room with W.C.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for a term of 6-months from 1st June 2017 at a current rental of £650 per calendar month.

EPC Rating C

Council Tax Band A

Ground Floor - Rear
Flat 16C
Living room, kitchen, bedroom and shower room with W.C.

Outside
Small courtyard style garden.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for a term of 6-months from 6th June 2024 at a current rental of £675 per calendar month.

EPC Rating C

Council Tax Band B

First Floor
Flat 16B
Living room, kitchen, shower room with W.C. And two bedrooms.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement for a term of 6-months from 4th February 2025 at a current rental of £750 per calendar month.

EPC Rating C

Council Tax Band A
Residential EPC: C
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to