Lot 145 Imposing Freehold Block Of Seven Apartments For InvestmentAuction Date:
18th September 2025
West Point, 1 Vernon Square, Ryde, Isle Of Wight, PO33 2JQ
Currently let at £62,340 per annum
Key Features
This imposing semi-detached building is situated in an attractive and sought after residential location overlooking Vernon Square and with sea views from the upper floors. West Point is located a short walk from the centre of Ryde with all its shopping and other amenities, with Ryde's famous sandy beach and mainland transport links a short distance away.
The building was converted in the early 1990s to provide seven apartments with four offering two bedroom accommodation and three with one bedroom. In addition there is car parking to the front and side of the building.
West Point is considered ideal for addition to an income producing letting portfolio.
Lower Ground Floor
Flat 1
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
EPC Rating E
Council Tax Band B
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 28th February 2025 to 27th February 2027 (24 month term) at £675 per calendar month, with a rent increase on 26th February 2026 of £50 per calendar month.
Upper Ground Floor
Flat 2
Entrance hall, living room, kitchen, one bedroom and bathroom with W.C.
EPC Rating E
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 14th April 2025 to 13th April 2026 at a current rental of £735 per calendar month (paid in advance).
First Floor
Flat 3
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
EPC Rating E
Council Tax Band B
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 10th September 2025 to 9th September 2026 at a current rental of £815 per calendar month.
Second Floor
Flat 4
Entrance hall, living room, kitchen, two bedrooms and shower room and cloakroom with W.C.
EPC Rating C
Council Tax Band B
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 1st December 2024 to 30th November 2025 at a current rental of £850 per calendar month.
Third Floor
Flat 5
Entrance hall, living room, kitchen, two bedrooms, shower room and cloakroom with W.C.
EPC Rating D
Council Tax Band B
Tenancy
Let under the terms of an Assured Shorthold Tenancy, currently on a rolling periodic tenancy, from 14th June 1999 at a current rental of £750 per calendar month.
Ground Floor - Annexed Building
Flat 6
Entrance hall, living room, kitchen/dining room, one bedroom, bathroom and cloakroom with W.C.
EPC Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 30th April 2025 to 29th April 2026 at a current rental of £670 per calendar month.
First Floor - Annexed Building
Flat 7
Entrance hall, living room, kitchen, one bedroom and bathroom with W.C.
EPC Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 10th August 2025 to 9th August 2026 at a current rental of £700 per calendar month.
Outside
Car parking to the front and side.
Further Information
Rob Marchant/Joe Rocks
on 01489 564606
Viewings
- Thu 4th September
15:15 - Mon 8th September
15:15 - Thu 11th September
15:15 - Mon 15th September
15:15
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
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- Office Copy Entries
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- Tenancy Agreement(s)
- EPC
- Electrical Certificate
- Other Documentation
- Online Auctions Buying Guide
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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
