Newport, Isle of Wight
6 beds | 5 baths | 5 receptions | £650,000
- Freehold
- 4 x 1-bedroom apartments
- 1 x 2-bedroom penthouse
- Ground floor offices
- Anticipated gross yield of 7.5%
A fantastic investment opportunity positioned in the Islands capital town of Newport. A freehold building, presented in excellent condition throughout, that has been subject to a detailed refurbishment and is offered to the market chain free.
The property offers to the ground floor a suite of offices that are currently let at £17,000 PAX, with 2 x 1-bedroom apartments on the first floor, 2 x 1-bedroom apartments on the second floor and a spacious, 2-bedroom penthouse on the top floor.
The anticipated rental income for the apartments is £37,000 PA, giving rise to a gross income of £54,200.
Viewings by appointment only.
GROUND FLOOR
Communal Entrance
Stairs
Lift
FIRST FLOOR
Flats 3 & 4
SECOND FLOOR
Flats 5 & 6
THIRD FLOOR
Penthouse
Penthouse Measurements
Reception room 23 x 14
Bedroom 1 14 x 9
Bedroom 2 14 x 7
Flat 3 & 5 measurements
Reception room 20 x 9
Kitchen 9 x 7'2
Bedroom 13 x 8'2
Flat 4 & 6 measurements
Reception room 16'4 x 11'2
Kitchen 9 x 6
Bedroom 16'4 x 9
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