This property comprises two two-bedroom and two one-bedroom flats, situated in the heart of Shanklin town centre, which are currently let to the Isle of Wight Council under a 2-year transferrable contract. The flats are held under a 900-year lease with a nominal ground rent and produce a rental income of £34,000 per annum. The properties are ideal for addition to an income-producing letting portfolio, with all four flats having a living room, kitchen, and bathroom with W.C. The flats have varying EPC ratings, ranging from D to E, and are all in Council Tax Band A. The property is being sold subject to the Common Auction Conditions and Special Conditions of Sale, with a copy of the document to be provided in the auction legal pack.