For Sale, Investment 

Alexandra Road, Shanklin

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Features

  • Substantial detached premises
  • Comprising of ten holiday apartments
  • Ideal investment opportunity
  • 4 x One bedroom, 4 x two bedroom & 2 x three bedroom apartments
  • Off street parking for six vehicles
  • Potential for alternative uses (STP)
  • Fully double glazed & gas central heating throughout
  • Freehold – Sold with vacant possession
  • Potentially high yielding investment
  • Close to town centre & within easy reach of all amenities

Address

Sunny Bay Apartments Alexandra RoadShanklinIsle of WightPO37 6AF
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Property Details

•Asking Price: £750,000
•Freehold block of Ten holiday apartments
•Vacant possession on completion
•Excellent investment potential
•Comprising 1, 2 & 3 bedroom apartments

This large and imposing block of purpose-built holiday letting apartments offer spacious accommodation arranged over three stories and enjoys a private driveway and gated parking for approximately six vehicles.

Named Sunny Bay the apartments are currently utilised as holiday lets and the block comprises of two three-bedroom apartments, four two-bedroom apartments and four one-bedroom apartments. All of which are spacious and presented to a good standard.

The property is located in a corner position fronting both Alexandra Road and Palmerston Road in Shanklin, a popular seaside resort and tourist destination on the Isle of White’s south east coast.

Accommodation

1 – 54 Sq. M (581 Sq. Ft)
2 – 54 Sq. M (581 Sq. Ft)
3 – 61 Sq. M (656 Sq. Ft)
4 – 67 Sq. M (721 Sq. Ft)
5 – 46 Sq. M (459 Sq. Ft)
6 – 46 Sq. M (459 Sq. Ft)
7 – 46 Sq. M (459 Sq. Ft)
8 – 46 Sq. M (459 Sq. Ft)
9 – 49 Sq. M (527 Sq. Ft)
10 – 49 Sq. M (527 Sq. Ft)

Total approximately 518 Sq. M (5,575 Sq. Ft) - taken from EPC

Services

We understand the properties to have mains gas, electricity, water and drainage. We would advise all interested parties to make their own enquiries.

Tenure

Freehold

Investment Analysis

We estimate the apartments could let for approximately £85 per night for the one bedroom, £120 per night for the two bedroom and £150 per night for the three bedroom apartments during the seasonal months of April to October.

The property could be let for the remainder of the year at a reduced rate increasing the income further if desired.

Asking Price

£750,000

VAT

To be confirmed.

Viewings

Please contact a member of the John Pye Property team on 0207 456 6750 or email property@johnpye.co.uk for more information or to arrange a viewing.

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