Lot 97 Freehold Block Of Six Flats For Investment With Parking To The RearAuction Date:
24th July 2024
Dundas House, 32 The Strand, Ryde, Isle Of Wight, PO33 1JF
Currently let at £28,080 per annum Previously fully let at £35,360 per annum
Dundas House is an attractive building situated a short walk from Ryde Esplanade, giving access to the splendid sandy beach with views over the Solent beyond and ferry and hovercraft connections to Portsmouth.
The building is arranged as six self-contained flats, each separately assessed for Council Tax and with independent electricity and water supplies. Offering a mix of one and two-bedroom units, the property is considered ideal for addition to an income-producing investment portfolio.
Lower Ground Floor
Flat 6
Entrance hall, living room, two bedrooms, kitchen and bathroom with W.C.
Tenancy
Currently vacant. Previously let at a rent of £140 per week.
Council Band B
Ground Floor
Flat 2
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £100 per week.
Council Band B
Flat 3
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Outside
Patio garden accessed via the living room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £120 per week.
Council Band A
First Floor
Flat 4
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £100 per week.
Council Band A
Flat 5
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £100 per week.
Council Band A
Second Floor
Flat 1
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £120 per week.
Council Band B
Outside
Garden to the front and car parking to the rear, accessed via Simeon Street.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
