Lot 95: FREEHOLD RESIDENTIAL INVESTMENT COMPRISING SEVEN FLATS WITH CONSENT TO ADD THREE FURTHER APARTMENTS

Sold £445,000

Calshot House occupies a prime position on the corners of Belvedere Street and Melville Street, a short walk from the centre of Ryde with all of its amenities. Many of the flats have recently been refurbished and are considered ideal for addition to an income-producing investment portfolio.

The existing accommodation is set over five floors and is arranged as three two-bedroom flats, one one-bedroom flat and three studio apartments, and there are attractive views over the Solent from the upper floors.

Planning Consent has been obtained for the addition of three further flats to the rear of the building if required, which will enable the income stream to be greatly enhanced.

Lower Ground Floor

Flat 8

Accessed from outside (off communal drying area). Living room, kitchen, utility room, two bedrooms and shower room with W.C.

Tenancy

Currently vacant.

Ground Floor

Flat 1

Studio room with kitchen and bathroom with W.C.

Tenancy

Currently vacant.

Flat 7

Living room, kitchen/dining room, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, from 8th July 2019, at a current rental of £435 per calendar month.

First Floor

Flat 2

Studio room with kitchen and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, from 5th June 2019, at a current rental of £410 per calendar month.

Flat 3

Studio room with kitchen and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, from 1st August 2019 ,at a current rental of £410 per calendar month.

Second Floor

Flat 4

Living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Currently vacant.

Third Floor

Flat 6

Living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Currently vacant.

Outside

There is significant car parking to the front of the building with additional amenity space and potential for additional parking to the side. Garage/store.

Planning

Planning Permission has been granted by Isle of Wight Council under ref: P/01383/17, dated 9th January 2018, for demolition of existing extension; proposed three storey block forming three flats, subject to conditions.

A copy of the Planning Consent and proposed plans will be available to download from the Local Authority website, the Clive Emson website or for inspection at the Auctioneer’s Office.

Residential EPC: E

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