1 bed flat for sale

George Street, Ryde, Isle Of Wight PO33

Offered to the market 'chain free' is this 1 bedroom flat in the heart of central Ryde and just 200m from the seafront and ferry links to the mainland. The property has been a successful rental investment for many years and would be an ideal purchase for new investors looking for a good rental yield. The flat is one of only 2 in the building and has a split level layout with the main accommodation on the top floor (2nd floor). The staircases leading up offer potential for extra storage to be created. The open plan lounge and kitchen area offer side sea views from its bay window frontage with the accommodation providing one double bedroom and a good size bathroom. The flat is in need of some repairs and decorating works but does offer residents permit parking availability in the street with permits costing just £72.00pa. The flat is just a 2 minute walk from the beach and a 5 minute walk from all the amenities of the town centre.
Leasehold: 125 years from 6 December 1989 (89 years remaining)
ground rent: £55pa
council tax band: A
No service charges payable

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation
Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable
consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation
cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Please call us to discuss this route of purchasing.

Lounge & Kitchen (4.9m x 4.14m)

Bedroom (3.94m x 3.02m)

Bathroom (3.94m x 1.47m)