Block of flats for sale in Carisbrooke Road, Newport PO30
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Property description
The premises is mid-terraced and of conventional construction over four floors, with the upper floors having been converted to flats and studio accommodation, and with the ground floor now occupied by two commercial tenants.
Total potential income is some £39,460 pa, representing some 9.3% potential yield before costs.
Currently the ground floor is held by one of our joint clients on the balance of a 125-year ground lease from 1st April 1999, with a nominal ground rent currently at £150 pa, rising by £50 increments every 20 years.
The expectation is that, in the event of a sale, any interested purchaser may wish to combine the two tenures under one overall Freehold arrangement.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Scotcher & Co, PO30 on +44 1983 507372 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Scotcher & Co, and do not constitute property particulars. Please contact Scotcher & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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