About this property
A great opportunity to purchase a commercial investment unit in Ryde Town Centre.
Situated to the top of Ryde High Street in a good secondary location. Neighbouring businesses and properties include Iceland, Carpets Direct and various other local and boutique stores.
Ryde is the largest town on the Island by population (circa 32,000 – 2011 census) and boasts fantastic shopping areas from High Street down to Union Street.
This popular town has links to the south of the Island via the Islandline train and Portsmouth and Southsea via the Hovercraft and Fast Cat.
This unusual property is set at the top of busy Ryde High Street, but is still within walking distance of the ferry, train station and buses. On street parking and a car park are nearby.
The property offered for sale is a beautiful historic building which was apparently the first public house in Ryde, circa 1850.
It comprises of three units centred around the original cobbled courtyard, which used to house the stables and coach house.
The main part of the building, the original bar and pub cellar (providing valuable head height storage), is currently traded as a Ceramic Studio but will be offered with vacant possession.
The very attractive cobbled courtyard garden has a glazed roof and provides access to the delightful Stable Tea Room, with outside seating. The tea room also provides catering for the parties and events if required.
The Coach House (same access) has more recently been converted to a popular hair studio – the courtyard photos are before conversion.
Both the Stable Room and Coach House are leased providing a reliable and regular income, further details available on application. The total rental income is in excess of £13,000 per annum.
Also with courtyard access are 3 separate workrooms, which at present are used for the ceramic business, housing the kiln, butler sink and ample storage. A separate toilet also has courtyard access, with another toilet in the main shop.
There is also a spacious one bedroom flat above the property which may be possible to buy separately, making this a most unusual and rarely available opportunity to purchase a popular and busy town centre attraction and ‘live above the shop’ if desired.
Our client is asking £235,000 for this property with the benefit of the current tenancies in place. The premises are held on a long leasehold of 900 years granted in 1880.
The VOA shows a rateable value of £9,200 for the Fired Arts shop, the rates payable would be circa £4600 per annum. The property is at presently exempt from business rates.
All viewings to be arranged via HRD Commercial. Due to the tenancies in place a notice period of 48 hours is required.