Auction sale of a long leasehold property in the town center of Newport, Isle of Wight, comprising three self-contained flats on the first and second floors. The property is currently let on assured shorthold tenancy agreements, generating a total rent of £27,600 per annum. The lease has approximately 143 years remaining and is held for a term of 150 years from 2018. The property is located near public transport links, shops, cafes, and restaurants, and is within walking distance to the coast. The flats have one to two bedrooms, open-plan reception rooms, and shower rooms, with EPC ratings of E. The guide price is not a valuation or assessment of value, but rather an indication of the reserve price at the time of going to press.