Ground Floor Studio Flat With Investment Potential

This ground-floor studio flat is located in George Street, running parallel with Union Street, which serves as the main shopping hub in Ryde. Ryde Esplanade and the ferry connections to the mainland are situated a short distance away. The internal accommodation was originally a single living and bedroom area, but an internal stud wall has since been added to divide the main space into two smaller rooms. While the flat requires some upgrading and refurbishment throughout, it has been used as a rental investment for many years, making it an ideal addition to an income-producing portfolio or a suitable option for owner-occupation. The accommodation comprises an entrance hall, a living/bedroom space, an additional room, a kitchen, and a bathroom with a WC. The tenure is leasehold, held on the remainder of a 999-year lease (less 10 days) commencing from 16th December 1846. The property falls within Council Tax Band A and has an EPC rating of C. It is offered with vacant possession.