Six-bedroom detached residential investment

Located close to Vernon Square in one of the more sought-after areas of Ryde, this substantial freehold detached property enjoys stunning sea views from the top-floor flat. The building has for many years been configured as multiple flats, with the now derelict basement having also previously been a flat. Two of the three existing flats are currently let, with the top-floor flat currently vacant and requiring modernisation. Flat 1 features a ground-floor layout comprising an entrance hall, three bedrooms, a living room, a storage room, a kitchen, and a bathroom with a W.C. This flat is let under the terms of an Assured Periodic Tenancy Agreement at a current rental of £410 per calendar month, and falls under Council Tax Band B. Flat 2 occupies the first floor and comprises an entrance hall, two bedrooms, a kitchen, a bathroom with a shower, and a separate W.C. This unit is let under the terms of an Assured Periodic Tenancy Agreement at a current rental of £850 per calendar month, and falls under Council Tax Band B. Flat 3 is located on the second floor, accessed via stairs to an entrance hall, and comprises two bedrooms, a living room, a kitchen, a bathroom, and a separate W.C. This flat is currently vacant and falls under Council Tax Band B. Additionally, the building includes a basement previously used as Flat 4, which is currently unoccupied. Externally, the property benefits from a rear garden.