LOCATION
Situated on Ryde Esplanade opposite Ryde bus and train station and Ryde Pier with Fastcat links to Portsmouth.
Ryde is the largest town on the Island by population and benefits from being a very popular shopping destination offering national and boutique shopping along with miles of sandy beaches.
DESCRIPTION
Offered for sale is a mixed use mid terrace Grade II Listed property.
The ground floor offers a commercial unit currently occupied by an Ice Cream Shop. current rental income is circa £6,500pa.
The floors above offer two residential apartments 1 x 1 bedroom and 1 x 2 bedroom. These apartments are accessed via Castle Street.
The block is fully tenanted and the current annual rental income is circa £21,800.
SERVICES
The property has electric, water and drainage. Enquiries should be made with the suppliers.
TERMS
The property is available with a guide price of £250,000. We have been advised that the property is freehold.
OUTGOINGS
The VOA shows the rateable value for the ground floor is £6,800. Apartment 5b council tax Band B, apartment 5C council tax band A.
PLANNING
Enquiries should be made to the local authority with regards to planning permission for the property.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.
