Three-Bedroom Three Storey House For Investment

This property is located on Clarence Road, close to the centre of East Cowes and the river Medina with the mainland ferry links. East Cowes marina and major sailing manufacturers are a short distance away. The property comprises of three/four bedroom accommodation spread over three floors. The property is let under the terms of an Assured Shorthold Tenancy Agreement with the rent having remained lower than market rent for some years and offering scope for improvement in the future. It is considered ideally suited for continued use as an income-producing investment and addition to a letting portfolio. Ground Floor Entrance hall, living room, kitchen and storage area. First Floor Bedroom, bathroom with W.C. and additional bedroom currently used as a study. Second Floor Two bedrooms. Outside Garden with steps leading to a higher lawned area and outside storage. Tenure Remainder of a 700-year lease from 29th September 1860. Tenancy Let under the terms of an Assured Shorthold Tenancy Agreement, currently on a rolling periodic tenancy, at a current rental of £725 per calendar month. EPC Rating D Council Tax Band B