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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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