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 two commercial units one currently occupied by Rocket Ronnies and the other occupied by Ryde Gift Centre.
The floors above offer residential accommodation comprising the following:
10 x 1 bedroom apartments and 2 x 2 bedroom apartments.
The block is fully tenanted and the current rental income per annum is circa £136,000. a full breakdown can be provided on request to bona fide applicants.
SERVICES
The property has electric, water and drainage. Enquiries should be made with the suppliers.
TERMS
The property is available freehold. Guide price £1,200,000.
OUTGOINGS
The VOA shows the business rates for the following Unit 11 £14,500, Unit 12 £24,250.
Apartment 11 is rated Band B council tax, all other apartments are rated 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.
