Wood Street, Ryde, PO33

Offered for sale is this licensed HMO with 9 letting rooms. A semi detached property with off road parking for circa 4 vehicles and gardens to the front side and rear. The layout of the property offers HMO and residential accommodation over 3 floors. Lower Ground Floor The Garden Flat - offers a 3 bedroom apartment with kitchen/diner, living room and bathroom. This unit is warmed by gas central heating. Ground Floor A welcoming lobby provides access to the HMO rooms. Rooms 1, 2, 3, 5 & 7. There is a shared shower and WC to this floor. First Floor Rooms 8, 9, 10 & 12. Shared shower and 2 x WC's. Room 6 is currently being utilised by the owner of the building as an art studio but could be incorporated back into the HMO as another letting room. Room 12 is currently vacant and undergoing renovation. The current income for the property is circa £34,320pa with the potential to increase this by letting rooms 6 and 12 once the renovation has been completed. A further opportunity to let the 3 bedroom lower ground floor apartment for circa £9,000pa. A full schedule of income can be shown upon request. The first and second floor rooms fronting Wood Street and Trinity Street have lovely views over Ryde towards the Solent.