Ryde, PO33 1JF

Residential for sale

£475,000


A fantastic investment opportunity to purchase a licensed house of multiple occupation with an approximate 13% yield. Due to the confidential nature of this instruction photos and further information will be available for bona fide applicants only.

LOCATION
Situated in a mainly residential area in Ryde close to the beaches and within walking distance of the town. Ryde is the largest town on the Island by population and offers plentiful amenities from convenience shopping to doctors, schools and good transport hubs. The cross solent ferries are also closely as is the Island Line train with links through to Shanklin.


DESCRIPTION
Offered for sale is a Grade II listed converted property which currently offers up to 15 rooms in a House of Multiple Occupation. There is also 3 bedroom owners accommodation which could also be separately let as a self contained flat giving another potential income circa £9,500pa.

The property has accommodation over 4 floors and benefits from off road parking for approximately 2/3 vehicles.

When fully tenanted the rental income is circa £65,000 per annum.

The layout of the property is such that there is the possibility of splitting the property, further information can be given upon request.
TERMS
Our client is asking for £475,000 for this substantial property. Due to the confidential nature of this instruction photos and further information will be available for bona fide applicants only.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Janet Morter

Negotiator

Stephen Savage

Chartered Surveyor

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Peter Barfoot

Junior Negotiator

Tel: 01983 527727 Email Us: commercial@hrdiw.co.uk