Studio for sale

Hope Road, Shanklin, Isle Of Wight PO37

This delightful ground floor studio apartment is the perfect addition to any existing letting portfolio or the ideal property to get a step onto that first rung of the property ladder. With an excellent letting history over the past few years this property could achieve a gross rental yield of £6600 per annum or 8.8% on your investment. The property comes ready to move into having been refurbished by the current owner in 2022 and also has the benefit of an extended 125 year lease. Set in delightful communal gardens and only a short walk from Shanklins wonderful esplanade and town centre amenities, this lovely studio apartment would seemingly have a wide appeal to various sectors of the market.

Room sizes:

• Entrance Hall
• Living Room 14'7 x 12'2 (4.45m x 3.71m)
• Kitchen 8'6 x 6'0 (2.59m x 1.83m)

• Bathroom
• Communal Gardens

The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Council Tax band: A

Tenure: Leasehold

Annual ground rent: £ 54

Annual service charge: £ 1000

Years remaining on lease: 122

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