For investment - An exceptional opportunity to acquire a pair of period listed terraced houses, combined and configured as a licensed House of Multiple Occupation for 15 residents, offered for sale as a single lot.
Positioned on The Strand within a conservation area, this substantial property represents a ready-made income-producing asset in a consistently popular coastal setting, with the added appeal of strong underlying residential demand.
The Strand is one of the most recognisable and convenient positions in Ryde, moments from the seafront and seafront, and within easy reach of the town centre’s shops, cafés and amenities. Mainland connections are readily accessible via regular ferry and hovercraft services to Portsmouth, making the area particularly attractive to commuters and workers.
Arranged over three floors, the accommodation is currently set up to maximise rental return, comprising a communal kitchen, laundry room and living room, together with a three-bedroom flat configured as three individual letting rooms each with en-suite facilities, plus six further en-suite letting rooms.
The current income is approximately £99,000 per annum, reflecting a gross yield of around 15.2% per annum, making this an attractive proposition for investors seeking immediate cash flow.
Full tenancy details are available within the legal pack. Please note that at the time of release, the auctioneers and their agents have not fully inspected the property internally.
The combination of coastal lifestyle, transport links and local employment supports sustained tenant demand, underpinning the investment credentials of this asset.
