Studio Property for sale
£1,600,000
SANDOWN, PO36 8HQ
Key features:
- Block of 12 Self-Contained Apartments
- Convenient Town Location
- Ample Off Road Parking
- Communal Roof Terrace
- Currently Generating £95,400 per annum
- Constructed in 2008
- Ideal 'Buy to Let' Investment
- Viewing Strictly By Appointment
Description
* Block of 12 Self-Contained Apartments * Convenient Town Location * Ample Off Road Parking * Communal Roof Terrace * Currently Generating £95,400 per annum * Constructed in 2008 * Ideal 'Buy to Let' Investment * Viewing Strictly By Appointment
This modern freehold block consisting of 12 2-bedroom apartments is located in the popular seaside town of Sandown. Constructed in 2008, the building benefits from ample off street parking and a roof terrace with excellent views of the sea. All apartments are tenanted and currently generating an annual income of £95,400, making this an excellent 'buy to let' investment for anyone looking to add to an existing portfolio or seeking a readymade income.
The apartments have been maintained to a good standard, with the majority of tenants having lived in the block for many years. Each apartment consists of 2 bedrooms (1 en suite), lounge/diner, kitchen and bathroom. Some apartments on the upper floors enjoy good views of the sea. The local town centre, train station with mainland ferry links and the beach are within walking distance.
Due to the apartments being tenanted all viewings are strictly by appointment and need to be arranged via The Wright Estate Agency in Shanklin on (01983) 866 822.