Freehold Building Arranged As Three Flats
16 Warwick Street, Ryde, Isle Of Wight PO33 2HZ
£245,000 24 July 2025
GUIDE PRICE AUCTION DATE
  • Flat
  • 4 Bedroom(s)
  • 3 Bathroom(s)
Originally a public house, this freehold detached building was converted into apartments approximately 20 years ago and has since been let and produced a very worthwhile rental income. Now sold due to retirement, the property is considered ideal for addition to an income producing letting portfolio. The building is arranged as two one-bedroom flats on the ground floor with one to the front and one to the rear of the building. The whole of the first floor comprises a larger two-bedroom unit. The ground floor rear flat has a small private garden whilst the ground floor front flat and first floor flat share a small communal garden also to the rear of the building. Ground Floor - Front Flat 16A Living room/kitchen, bedroom and shower room with W.C. Tenancy Let under the terms of an Assured Shorthold Tenancy Agreement for a term of 6-months from 1st June 2017 at a current rental of £650 per calendar month. EPC Rating C Council Tax Band A Ground Floor - Rear Flat 16C Living room, kitchen, bedroom and shower room with W.C. Outside Small courtyard style garden. Tenancy Let under the terms of an Assured Shorthold Tenancy Agreement for a term of 6-months from 6th June 2024 at a current rental of £675 per calendar month. EPC Rating C Council Tax Band B First Floor Flat 16B Living room, kitchen, shower room with W.C. and two bedrooms. Tenancy Let under the terms of an Assured Shorthold Tenancy Agreement for a term of 6-months from 4th February 2025 at a current rental of £750 per calendar month. EPC Rating C Council Tax Band A Auctioneer's Note We have been advised the rent for Flat A is to be amended to £635 per calendar month from 26th July 2025. The rent for Flat B is to be increased to £850 per calendar month from 4th August 2025. The rent for Flat C is to be increased to £720 per calendar month from 6th August 2025. Further details and copies of the rent increase notices will be included in the legal pack available for download from the Clive Emson Website.
16 Warwick St, PO33 2HZ
Guide Price
£245,000
Auction Date
24 Jul 2025
Lot
Lot 7
Auctioneer
Clive Emson
Clive Emson
Rocky Hill London Road Maidstone Kent ME16 8PY
01622 608400
About Clive Emson

Clive Emson Auctioneers was founded in 1989 to supply a high profile auctioneering facility to corporate and independent estate agents, private clients and statutory bodies. The success of our auction house is due to, and remains, attributable to a firm commitment to quality and service distinguished by both our Investors in People and ISO accreditations. The concept of Clive Emson is to provide a specialist land and property auctioneering service and, therefore, does not compete with the traditional estate agency, mortgage broking, insurance or any other aspect of the property world. All properties upon which we are instructed are offered for sale in the auction catalogues that are compiled monthly.