LOCATION
Located on George Street, the property is ideally located within walking distance of the town centre and nearby transport links to the rest of the Island and also the Hovercraft and Fastcat with quick links to Southsea and Portsmouth.
Ryde is the largest town on the Island by population (circa 24,000 - 2021 census) and boasts fantastic shopping areas from High Street down to Union Street.
DESCRIPTION
Offered for sale is a mid-terrace block of 5 residential apartments over four floors.
The block consists of 4 x 1 bedroom apartments plus 1 x studio apartment plus 2 x storage units to the rear, accessed. from St Peters Mews.
The basement apartment benefits from use of the courtyard garden and gas central heating, all other apartments are serviced with electric heating.
The residential elements are fully let together with one of the storage units and the current annual overall income is £36,359.88.
The property is held on the remainder of a 950 year lease from 1865.
SERVICES
The property benefits from mains gas, electricity, water and drainage.
TERMS
Our client is asking Guide Price £495,000 for this long leasehold investment premises.
VIEWING
All viewings to be arranged via HRD Commercial.
