Key information

Tenure: Freehold

Council tax: Ask agent

Features and description

Investment property
Just off newport town centre
Three independent one bedroom flats
Managed by property management company
Generates good income

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This is an outstanding opportunity to acquire a robust investment property located just off Newport town centre. Currently configured as three independent one-bedroom flats, the property is a ready-made asset for any serious investor. The property currently generates £17,340 pa income and is managed by a local Property Management company of good repute. The property has been in the ownership of the current vendor for years and has a genuine reason for sale.

We invite you to view as soon as possible.

Flat 5A (Top Floor)

Lounge - 2.84m x 4.45m (9'4" x 14'7") - Front aspect.

Kitchen - 1.47m x 2.84m (4'10" x 9'4") - Supplied with a range of units. Plumbing for washing machine. Electric cooker point.

Bedroom - 2.74m min x 3.76m (9' min x 12'4") - Rear aspect.

En-Suite - Shower, WC and hand basin.

Flat B (Middle Floor)

Kitchen & Lounge - 4.42m x 3.63m (14'6" x 11'11") - Front aspect. Open plan arrangement incorporating the Lounge and Kitchen area.

Bedroom - 3.10m x 3.43m (10'2" x 11'3") - Rear aspect.

En-Suite - Including Shower cubicle, WC and Handbasin.

Flat C (Ground Floor)

Kitchen - 2.21m x 3.76m (7'3" x 12'4") - Recently fitted with a range of wall and base units.

Lounge - 4.34m x 3.33m (14'3" x 10'11") -

Bedroom - 3.40m x 3.38m (11'2" x 11'1") - Front aspect.

Bathroom - Shower cubicle, WC and Handbasin.

Outside - Small rear courtyard garden area.

Tenure - Flat A EPC - Current Energy Rating D with Potential C 64/79 Council tax band A

Flat B EPC - Current Energy Rating D with Potential C 63/79 Council tax band A

Flat C EPC - Current Energy Rating F with Potential C 37/73 Council tax band A

5A Drill Hall Road is Freehold.

Property information from this agent

About this agent

Marvins - Cowes

41a High Street Cowes PO31 7RS

01983 507308

Full profile Property listings

Marvins is an independent Estate Agency covering the Isle of Wight specialising in the sale of residential property and one of the Island’s most prominent names on the Island since 1868. Covering the whole Island , the key to our on-going success is consistency in personnel and performance. If you purchased a house from us 5 or 25 years ago, the chances are you’ll be dealing with the same people again today! Business does not need to be complicated; our belief is in keeping things simple. We look at best practices in the industry and then try a little bit better at everything we do. We strive for better marketing, better service, better results. Not dramatic changes, no reinvention, just better across the board. From your initial contact, to the preparation of your detailed particulars and on-going communication throughout the transaction.