Residential Investment for Auction Isle Of Wight PO33

Property Types

Auction date: Thu, 20/03/2025 - 11:00

Guide Price £280,000 - £300,000. This impressive freehold building comprises a chemist shop on the ground floor, which has been sold off under the terms of a long lease with the long lessees contributing to the building insurance and maintenance via a service charge. The upper floors have been converted into four self-contained residential flats, all of which are let under the terms of Assured Shorthold Tenancy Agreements and producing a very healthy and worthwhile income stream. Currently let at £29,640 per annum. 

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