Lot 154 Freehold Town Centre Block Of Four Flats For InvestmentAuction Date:
1st May 2025
23 Star Street, Ryde, Isle Of Wight, PO33 2JH
Currently let at £33,300 per annum
Key Features
This freehold detached building is situated in the heart of Ryde town centre and is, at present, arranged as four self-contained one-bedroom flats. Each of the flats is let under the terms of an Assured Shorthold Tenancy Agreement and the building is producing a very worthwhile rental income.
It is considered that the building is ideally suited for addition to an income producing letting portfolio.
Accommodation
Each of the flats offers living room, kitchen, bedroom and either a bathroom or shower room with W.C.
Outside
There are gardens to the rear of the building.
All flats have EPC Rating D
All flats are Council Tax Band A
Tenancies
Flat 1
Let under the terms of a six-month Assured Shorthold Tenancy Agreement from 15th November 2024 at a current rental of £750 per calendar month.
Flat 2
Let under the terms of an Assured Shorthold Tenancy Agreement from 16th December 2014 at a current rental of £700 per calendar month.
Flat 3
Let under the terms of an Assured Shorthold Tenancy Agreement from 23rd August 2023 at a current rental of £680 per calendar month.
Flat 4
Let under the terms of an Assured Shorthold Tenancy Agreement from 22nd November 2022 at a current rental of £645 per calendar month.
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Rob Marchant/Joe Rocks
on 01489 564606
Viewings
- There are no future viewings currently available, please contact our office on 0345 8500333
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Legal Documents
Sign In to view legal documents for this property
- Special Conditions
- Office Copy Entries
- Environmental Search
- Drainage Search
- Tenancy Agreement(s)
- EPC
- Gas Safety Certificate
- Electrical Certificate
- Other Documentation
- Online Auctions Buying Guide
Service Providers
Click here if you are looking for a solicitor, insurance company, finance company or a property related organisation or firm
Local Information
Discover transportation routes, schools and local amenities and attractions within this area. You’ll also find other useful information including average broadband speeds and much more…
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
