12 bed block of flats for sale

9 & 9A Partlands Avenue, Ryde, Isle Of Wight PO33

9 Partlands Avenue began its life as a splendid detached Victorian villa before later forming part of a school, with 9A Partlands Avenue added to provide a link between No. 9 and the adjacent property as part of the school set up.

Following its educational use, 9 and 9A have been converted to provide residential accommodation by way of eight flats, four of which are two-bedroom apartments and the remaining four have one-bedroom accommodation. To the rear of the building there is some car parking and a block of lock-up garages, five of which are included in the sale. At the time of publication, seven of the eight flats are let, with a new tenant being actively sought for the final unit. The property is considered an ideal addition to an income-producing letting portfolio.

9 Partlands Avenue
Four flats, all providing two-bedroom accommodation.
Tenancies
Flat 1
Let under the terms of a tenancy commencing 4th May 2023 with a fixed term expiry of 3 March 2026 at a current rental of £695 per calendar month.
EPC Rating C

Flat 2
Let under the terms of a tenancy commencing 20 March 2025 which is currently considered to be a periodic tenancy at a current rental of £750 per calendar month.
EPC Rating C

Flat 3
Let under the terms of a tenancy commencing 15 November 2022 which is currently considered to be a periodic tenancy at a current rental of £675 per calendar month.
EPC Rating E

Flat 4
Let under the terms of a tenancy commencing 20 November 2017 which is currently considered to be a periodic tenancy at a current rental of £725 per calendar month.
EPC Rating D

9A Partlands Avenue
Four flats, all providing one-bedroom accommodation.
Tenancies
Flat 1
Let under the terms of a fixed term six-month tenancy from 18th June 2025 at a current rental of £525 per calendar month.
EPC Rating E

Flat 2
Let under the terms of a tenancy commencing 1st December 2022 which is currently considered to be a periodic tenancy at a current rental of £595 per calendar month.
EPC Rating D

Flat 3
Currently vacant.
EPC Rating E

Flat 4
Let under the terms of a six-month tenancy commencing 29th July 2025 with a current rental of £560 per calendar month.
EPC Rating E

Garages
The sale includes five of the garages in the block to the rear. We are advised that these are let on an informal basis to local residents at a rental of £3,500 per annum. Prospective purchasers are advised to review the legal pack for further information.

Outside
Gardens to the front, parking and courtyard garden to the rear. Five garages from the block situated to the rear of the building

All flats are Council Tax Band A

Auctioneer's Note
At the time of publication the Auctioneers have been unable to internally inspect the flats nor had sight of the tenancy agreements. The information in respect of accommodation and tenancies has been provided by the seller and the managing agent. Interested applicants should rely on their own investigations to verify the information provided.
Residential EPC: E
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to