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INVESTMENT OPPORTUNITY......................... A block of three 2 bedroom flats all with private entrances and off road parking spaces. Two out of the three are currently let with the third being used by the owner and freeholder of the block. To the rear there is a large concrete forecourt area (55' x 37') which currently gives each flat a parking space but offers further potential to build at least two garages in addition subject to the appropriate planning permissions. The building is situated in the popular Elmfield area of Ryde with nearby facilities for the tenants including 2 convenience stores, bus routes, post office, public house, a park and a major supermarket is just a few minutes driveway or bus journey. There is a school for younger children in the immediate vicinity and the nearest train station is roughly a 10 to 15 minute walk away. In our opinion each flat has the potential to rent out for up to £550 per calendar month delivering a generous income for the savvy investor.

46 Marlborough Road
A ground floor 2 bedroom flat with double glazing, gas central heating, private entrance and a courtyard garden. Parking space to rear. Estimated rent £550 pcm.

private entrance

entrance hallway

lounge - 15' 3'' x 14' 3'' (4.65m x 4.34m)

kitchen - 11' 9'' x 10' 4'' (3.58m x 3.15m)

bedroom 1 - 11' 1'' x 10' 4'' (3.38m x 3.15m)

Bedroom 2 - 13' 0'' x 8' 4'' (3.96m x 2.53m)

Shower Room

46b Marlborough Road
A ground floor 2 bedroom flat with a private entrance, gas central heating and a parking space to the rear. Estimated rent £550 pcm

Entrance Hallway - 19' 7'' x 4' 7'' (5.96m x 1.40m)

Lounge - 14' 5'' x 11' 9'' (4.39m x 3.58m)

Kitchen/Diner - 16' 6'' x 10' 3'' (5.03m x 3.12m)

Bedroom 1 - 13' 8'' x 10' 7'' (4.16m x 3.22m)

Bedroom 2 - 13' 9'' x 10' 1'' (4.19m x 3.07m)

Bathroom - 6' 2'' x 5' 8'' (1.88m x 1.73m)

46a Marlborough Road
A first floor flat with a private entrance, double glazing, gas central heating and a parking space to the rear. Estimated rent £550 pcm.

Private Entrance

Entrance Hallway

Lounge - 15' 3'' x 14' 10'' (4.65m x 4.53m)

Kitchen - 11' 8'' x 7' 5'' (3.55m x 2.25m)

Bedroom 1 - 13' 9'' x 10' 10'' (4.2m x 3.3m)

Bedroom 2 - 11' 10'' x 7' 7'' (3.6m x 2.3m)

Parking Forecourt - 55' 0'' x 37' 0'' (16.75m x 11.27m)
This large concrete expanse offers parking spaces for all 3 units. In our opinion there is ample space to build at least 2 garages in addition to the parking spaces. A dropped kerb gives you access on to Arundel Road. Other potential planning opportunities may be persued by the purchaser after completion.

Rental Income
In our opinion each flat has the potential to generate £550 pcm. This would create a potential annual gross income of £19,800 and a potential yield of 6.6%.

Tenure
The freehold title to the building is held by 46 Marlborough Road. Both 46a and 46b are leasehold flats.

Council Tax
ALL FLATS ARE BAND A

Services
Unconfirmed gas, electric, telephone, mains water and drainage.

Agents note:
Our particulars are designed to give a fair description of the property, but if there is any point of special importance to you we will be pleased to check the information for you. None of the appliances or services have been tested, should you require to have tests carried out, we will be happy to arrange this for you. Nothing in these particulars is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (whether wired in or not), gas fires or light fitments, or any other fixtures not expressly included, are part of the property offered for sale.

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