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 with accommodation over 3 floors.
The ground floor offers a commercial unit currently tenanted at £20,500 per annum.
The residential accommodation above offers 1 x 1 bedroom apartment, 1 x 2 bedroom apartment and 1 x 3 bedroom apartment.
The current total rental income is circa £48,400 per annum.
SERVICES
The property has electric, water and drainage. Enquiries should be made with the suppliers.
TERMS
The property is available freehold with a guide price of £550,000.
OUTGOINGS
The VOA shows the business rates for the ground floor as £12,750.
Apartment 1 & 2 are rated Band A, apartment 3 is rated Band B.
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.
