Cross Street, Ryde

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A great opportunity to purchase a mixed commercial and residential property in Cross Street Ryde.

Details

  • Price: £179,950
  • Bedrooms: 0
  • Tenure: freehold

Full Description

LOCATION
The property is situated next to Malcolm Daniells, The Hair Lounge and opposite Bags Boutique & Wightsight. Located just off the main Union Street, Ryde has seen a wealth of boutique style shops open in the past few years and offers a shopping experience that greatly differs to the High Street.

DESCRIPTION
Accommodation is offered over 4 floors and consists of the following:
Commercial
Basement: subdivided and would suit further sales areas, changing areas or just storage use. There is approximately 30.2 sq m (325 sq ft) of space.
Ground floor shop offers approximately 27.6 sq m (297 sq ft).

Residential - Accessed to the side of the property via Union Road
2 bedrooms
Kitchen
Bathroom
Living Room

The commercial element is let on a new 5 year lease and the residential is currently let on an Assured Shorthold Tenancy.
Fully let income is £12600 per annum.

TERMS
Our client is asking for Offers in the Region of £179,950.

OUTGOINGS
Business rates show £5,500 per annum, rates payable would be approximately £2,700 per annum. This does not include any applicable small business rates relief.

Council Tax is Band B.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

Estate Agent Details

Commercial Office
138 High Street
Newport

Phone: 01983 527727
Fax:
Email: commercial@hrdiw.co.uk