Residential Investments for sale in Isle of Wight

View the "Investment opportunity. Currently Converted to HMO Standards" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Investment opportunity. Currently Converted to HMO Standards

Isle of Wight, England

  • Freehold Price: £695,000
Seller Reference: CO1032
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Business Description
 
 
 
 
 
 
 
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Seller Reference: CO1032
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Business Description
Spinnaker is a former family home, currently utilised as boarding for local students and is currently set up ready to be licensed as a house of multiple occupancy (HMO). The property is currently made up of 10 (12) bedrooms, 4 bathrooms alongside a permanent live in quarters for a house master. The property has a variety of possible permutations including reverting the property back into a residential dwelling(s) (the current owners are also intending to seek planning permission for this) or convert further into multiple apartments.

Newport 6.7 miles, Cowes 11 miles - Red Jet Passenger Ferry, Fishbourne 2.7 miles -Car Ferry, Ryde 0 miles - Fast Cat Passenger Ferry / Hovercraft, Yarmouth 16 miles - Car Ferry / all approx. distances.

As the largest town on the Isle of Wight, situated on the north-east coastline, Ryde has a well-established set of shopping streets, restaurants and bars, mainland commuter links, and an award-winning beach which at low-tide opens up to be the largest stretch of golden sands on the Island, making it perfect for beach sports and activities, or just simply relaxing in a deckchair.

Total floor area: approx. 3,855 square ft / 357 sq metres
Location Details:
Situated in the HEART OF RYDE TOWN this property is within a mix of residential and commercial properties.
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