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12 & 12A Avenue Road, Sandown, Isle... 2 bed property for sale
12 & 12A Avenue Road, Sandown, Isle Of Wight
£180,000
12 & 12A Avenue Road, Sandown, Isle Of Wight
£180,000
Our Summary
- This freehold investment opportunity is situated on Avenue Road, one of the main thoroughfares through the seaside town of Sandown in a largely residential district, a short distance from Sandown's splendid seafront and sandy beach
- EPC Rating ECouncil Tax Band BResidential EPC: ECommercial EPC: TBCImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 24 July 2025
- For Sale by Online Auction
Description
This freehold investment property is located on Avenue Road in Sandown, a short distance from the seafront and beach. The building is let as a single entity, with the ground floor occupied by a convenience store and the first floor featuring a residential apartment. The original 20-year lease was signed in 2018, with the next rent review due in 2026. The property has a current rental income of £18,350 per annum. The ground floor has an EPC rating to be confirmed, while the first-floor apartment has an EPC rating of E. The property also has gardens to the rear, although the residential accommodation has not been inspected by the auctioneers.