St Thomas Street, Ryde
£350,000

New
Sold STC
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  • Block of Four Flats
  • Attractive Character Building
  • Sea Views at Upper Floor
  • Yards from Ryde Esplanade & Beach
  • Buy to Let Investment
  • Three Flats Currently Let
  • Potential Gross Income upwards of £26,000 P/Annum
  • Modest Communal Garden to Rear
  • Well Placed for all Amenities
  • No Onward Chain

Investment opportunity for landlords and investors generally. Block of four flats within attractive converted character building situated just off the seafront at Ryde. This five storey building has a flat on each floor, 3 x 1 bedroom and a two bedroom duplex over the upper two floors where interesting views of the sea are evident. There is a modest communal garden to the rear, two lower ground storage alcoves and a hard landscaped shallow frontage. Three of the four flats are currently rented and a potential gross income for full occupancy could well be £26,000 to £27,000 per annum. The building comes with freehold tenure and all flats have modern kitchens and bathroom facilities and are generally well presented.
There are two council car parks just a matter of yards away and the Ryde's iconic Union Street shops are literally 200 yards from this well placed building. Local transport links are equally nearby being situated on the Esplanade as are the mainland passenger connections to Portsmouth and Southsea. Ryde in general offers arguably one of the best selections of shops and facilities found anywhere on the Island which should help with tenant retention.

Flat one - Lower ground floor

Entrance Hallway (4.27m max x 1.91m max including stairs (14'0 max x)

Built in storgae

Open plan living/kitchen/dining (5.36m x 3.02m (17'7 x 9'11))

Bedroom (4.01m x 3.05m (13'2 x 10'0))

Built in storage/ utility cupboard

En suite shower room (3.12m x 1.19m (10'3 x 3'11))

Flat 2 - Ground floor

Entrance

Open plan living/dining/kitchen (4.29m x 4.09m overral dimensions (14'1 x 13'5 over)

Bedroom (4.22m x 3.07m (13'10 x 10'1))

En suite shower room (2.11m x 0.89m (6'11 x 2'11))

Flat 3 - First floor

Entrance

Open plan living/dining/kitchen

Inner hallway

Built in storage

Bedroom

Shower room

Flat 4 - 2nd and 3rd floor duplex

Entrance hallway

Open plan living/dining/kitchen (5.18m max x 4.27m max (17'0 max x 14'0 max))

Bedroom 2 (4.19m x 3.12m (13'9 x 10'3))

Landing

Bedroom 1 (5.33m x 3.12m (17'6 x 10'3))

Shower room (3.20m max x 2.24m (10'6 max x 7'4))

Built in storage

Frontage
The shallow frontage is laid to concrete and enclosed by wrought iron railings.

Communal rear garden
To the rear is a pretty south facing terraced garden. Shrub borders, paved terrace. Fence boundaries. At lower ground level there are recessed alcoves for storage. Right of way for the terrace of building to access St Thomas street.

Car park
The building is ideally suited for use of two council car parks. They are both only a matter of yards away from the building.

FREEHOLD Tenure

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St Thomas Street
Ryde, Isle of Wight PO33 2DZ
County: Isle of Wight
Sale Type: Sold STC
Ref #: 30953795
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