Under Offer

TypeResidential Investments · Retail Investments

PO30 The Needles Portfolio, High Street, Newport, Isle of Wight

TenureFor sale

The Needles Portfolio, High Street, Newport, Isle of Wight, PO30 1/4

Specification

Building size
Building size 1 - 2 sqft
Property type
Property type Residential Investments · Retail Investments
Tenure
Tenure For sale

Description

INVESTMENT PORTFOLIO FOR SALE IN A PRIME COASTAL LOCATION

84 Properties all located on the Isle of Wight comprising of the following:

Residential - 76 Tenancies

Commercial - 8 Tenancies

Current Annual Gross Rental Income: £913,576 p.a.

Residential - £780,060 p.a.

Commercial - £133,516 p.a.

Market Valuation of all Assets Assuming Vacant Possession: £18,360,000

The entire portfolio is offered For Sale as a Single Transaction.

Asking Price: Offers in Excess of £14.75m at an Initial Yield of 6.25%

A comprehensive property schedule and dataroom is available for review.

Location

84 Properties Located on the Prime Coastal Area of Isle of Wight

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