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9 bedroom block of apartments for sale
11 Leed Street, Sandown, Isle Of Wight
£395,000
11 Leed Street, Sandown, Isle Of Wight
£395,000
Our Summary
- The current owners have held the building for 45 years, during which time they have done their level best to maintain standards and undertake improvements as required, which is reflected in the relatively high C Rating on the EPCs for the apartments
- All Flats Council Tax Band AResidential EPC: CImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
Description
This Victorian vicarage has been converted into nine one-bedroom apartments, with eight having shower rooms and one having a bathroom. The building has been well-maintained over the past 45 years, with the current owners having undertaken improvements as needed, resulting in relatively high EPC ratings. The apartments are all currently let to long-standing tenants under Assured Shorthold Tenancy Agreements, with rents ranging from £86 to £115.56 per week. The property offers parking for several vehicles and a communal courtyard garden. The building is considered ideal for addition to an income-producing letting portfolio, with a high yield potential.