Tenanted Block of Flats Isle Of Wight PO31 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Fri, 01/11/2024 - 11:00

Guide Price £470,000 - £490,000. A freehold self-contained block of six two-bedroom apartments. ive of the six flats are let under the terms of Assured Shorthold Tenancy Agreements and producing a very worthwhile income, while the sixth flat is at present vacant having recently undergone a programme of upgrading and refurbishment. There are communal gardens to the rear of the building and the block is considered ideal for addition to an income-producing letting portfolio. Currently let at £35,100 per annum, plus vacant flat. Estimated rental income when fully let £43,440 per annum.

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