Property for sale
Property description & features
LOCATION
Newport is the county town of the Isle of Wight with a population of 25,496 (2011 Census) at the head of the navigable section of the River Medina. It functions as the principal retail centre for the Island (estimated population 139,400) and also as an administrative hub. The town has reasonably significant modern industrial estates, but the economy has a strong reliance on tourist trade, with circa. 2.5 million tourist visits a year.
With regard to transport the main A3020 and A3054 meet approximately 0.5 miles to the east of Newport and the nearest ferry links to the mainland are at Cowes (five miles) and Fishbourne (six miles), with hovercraft services also available at Ryde (seven miles).
The property is situated on John Street off Robin Hood Street.
DESCRIPTION
The property comprise a two storey L-shaped block of flats estimated to have been built in the early 1950s. External walls are of traditional masonry cavity walls with a pitched roof including with roof overhangs to external circulation spaces.
10 x bedsits
2 x 1 bedroom apartments
The communal areas comprise of external access balcony walkways and covered staircase, giving access to the self-contained flats. The site area is 0.272 acres.
TERMS
Our client is asking Offers In Excess Of £580,000 for this freehold opportunity.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
VIEWING
All viewings by prior appointment with the Joint Agent, Lisa Mercer, Hose Rhodes Dickson. Contact No:
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Property reference 101276042050. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Hose Rhodes Dickson - Commercial.
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Broadband availability and predicted speed: obtained from Ofcom on January 20, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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