Spring Gardens, Ventnor, PO38 1QX

Residential for sale

£395,000


Opportunity to purchase an investment property comprising 3 flats and a house.

LOCATION
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.

DESCRIPTION
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.

Accommodation:

Apartment 1

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.

Apartment 2

First floor

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

Apartment 3

Second Floor

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

House

A semi-detached house offering accommodation over 2 floors and a private courtyard area to the front.

Ground Floor

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.

First Floor

Bedroom 1 17'10 x 17'10

Bedroom 2 12' x 9'

Access to loft

Outside

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.

Tenancies

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

TERMS
Our client is asking £395,000 for this Freehold property.

OUTGOINGS
Council Tax

Each apartment is rated council tax Band A. The house is Band B.

VIEWING
Viewings

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.

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

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

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