Weeks Road, Ryde, PO33 2TL

Residential for sale

£475,000


Investment opportunity. 5 fully let apartments.

LOCATION
Situated on Weeks Road in a predominantly residential area.

Weeks Road is just within a short walk away from Ryde High Street which offers shops such as The Co-Operative, Iceland, The Works, Poundland and Costa Coffee. Also popular with shoppers is a mix of boutique and local traders all located approximately 10 minuets walk away from this property. Also situated in Ryde are local Doctors and Dentists surgeries, also Specsavers.

Ryde is the Largest Town on the Isle of Wight having a population of around 25,000, making it very popular with tourists and day-trippers. Links to the mainland are easy in Ryde as the Catamaran and the Hovercraft run serval times during the day.

DESCRIPTION
A detached Victorian property which has been converted into 5 apartments. These five flats are currently let on 6 monthly ASTs.

Each flat is self-contained, flats 1 & 2 offer 2 bedrooms and flats 3, 4 & 5 offer 1 bedroom. The property benefits from a communal garden to the side and rear and the possibility of creating parking spaces if required.

Accommodation is as follows with approximate sizes:

Flat 1 - living room 3.1m x 3.3m, kitchen 2.7m x 2.2m, bed 1 3.4m x 3.8m max, bed 2 2.9m x 1.5m, shower rm.

Flat 2 – living room 3.2m x 3.7, kitchen 3.2m x 2.3m max, bed 1 3.5m max x 2.5m, bed 2, 1.6m x 3.5m, shower rm.

Flat 3 – living room 3.2m x 4.9m max, kitchen 2.4m x 2.7m, bed 3.9m x 2.6m, shower room.

Flat 4 – living room 3.2m max x 4.9m max, kitchen 2.4m x 2.7m, bed 3.9m x 2.6m, bathroom.

Flat 5 – 1 bedroom apartment, sizes not currently available.

Planning permission has been granted to develop the site with a two storey extension to create 3 further self-contained 1 bedroom apartments. The planning permission has just been renewed on this and plans can be seen at iwight.com under P/01291/18.

TERMS
Our client is currently asking in the region of £475,000 for this freehold property.
PARKING NOTES
Proposed parking for 4 vehicles.
PLANNING
The planning permission has been granted under P/01291/18 for a further 3 x 1 bed flats.
VIEWING
All viewings to be arranged by HRD Commercial. Due to the tenancies in place we have to give at least 48 hours’ notice for viewings. Please contact 01983 527727 to arrange a convenient time.

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