About this property
Opportunity to purchase an investment property comprising 3 flats and a house.
Situated in Spring Gardens, Ventnor, in an elevated position with superb Channel views. The property is within walking distance of the Town Centre and Esplanade.
Ventnor is a Victorian seaside town and has benefitted from massive regeneration over the last 5 years and boasts some of the Islands best eateries and wine bars. It is also renowned for its annual Fringe festival which generally runs for 1 week in August, making the most of the unusual microclimate this side of the Island.
Ventnor benefits from a small harbour which offers fresh fish and crab daily and there are various producers offering fresh home grown produce locally and across the Island.
Offered for sale is a substantial semi-detached property separated into three apartments and a house, each property benefits from lovely sea views.
Two of the apartments are let on ASTs making this a great investment opportunity with scope to expand either to further residential lettings of holiday apartments subject to gaining any necessary consents.
Ground floor apartment accessed via communal hallway.
Living Room/kitchen/diner 17’2 x 14’9 kitchen fitted with wall and base units and electric oven and hob
Bedroom 9’9 x 8’2
Bathroom with panelled bath, basin and WC.
Living Room 17’2 x 14’9
Kitchen/diner fitted with range of wall and base units, electric oven and hob
Bedroom 15′ x 13′
Shower Room with shower unit, basin and WC
Living Room 15′ x 13’10
Kitchen 9’2 x 6′ fitted with range of wall and base units with electric oven and hob
Bedroom 13′ x 9′
Shower room with shower unit, basin and WC
A semi-detached house offering accommodation over 2 floors and a private courtyard area to the front.
Living Room 22’6 x 13’2 with patio doors to the courtyard
Kitchen 11′ x 11’6 with a range of wall and base units, an Aga and breakfast bar.
Shower room 9′ x 5’6 with shower unit, basin and WC.
Bedroom 1 17’10 x 17’10
Bedroom 2 12′ x 9′
Access to loft
The outside of the property benefits from off road parking for 4 vehicles to the front. There is also a front courtyard garden and a separate side courtyard garden for the house.
Apartment 1 & 2 are currently let both on Assured Shorthold Tenancies. Apartment 1 is let at £420pcm, apartment 2 at £485pcm.
Energy Performance Certificates
Apt 1 – TBC
Apt 2 – TBC
Apt 3 – TBC
House – TBC
Our client is asking £395,000 for this Freehold property.
Each apartment is rated council tax Band A. The house is Band B.
All viewings to be arranged via HRD Commercial 527727 or HRD Ventnor 01983 855525. Due to the tenancies in place at least 48 Hours notice will be required for all viewings.