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High Street, RydeCommercial property for sale

£400,000
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About this property

Investment Opportunity

LOCATION
Situated on Ryde High Street, within the pedestrianised zone. Ryde High Street is a buoyant shopping center and offers various national and boutique shops.

Ryde is located to the North of the Island and is the biggest town by population.

DESCRIPTION
Offered for sale is this end of terrace property with ground floor commercial and two apartments over.

The ground floor is currently let to Ladbrokes on a 5 year from April 2023 at a current passing rent of £27,000pa.

There are two apartments over, 27a & 27b.
27a offers kitchen/diner, sitting room, double bedroom and shower room. The current passing rent is £5,940pa.
27b offers entrance hall/dining area, sitting room, kitchen, bathroom, double bedroom and single bedroom. The current passing rent is £7,140pa.

Total net initial income is £40,080pa.

TERMS
Our client is asking Guide Price £400,000 for this investment opportunity.

OUTGOINGS
The VOA shows the ground floor has a rateable value of £22,250, using the current UBR the rates payable would be circa £11,400pa.
Both flats are rated Council Tax Band A.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.

Map

Brochure

Property Brochure

High Street, Ryde

£400,000

Full PDF brochure containing all the details of the property in High Street, Ryde - £400,000

Branch

Commerical

The Estate Office, 138 High Street, Newport, Isle of Wight, PO30 1TY

01983 527727

[javascript protected email address]

Opening hours

  • Monday08:30 - 17:30
  • Tuesday08:30 - 17:30
  • Wednesday08:30 - 17:30
  • Thursday08:30 - 17:30
  • Friday08:30 - 17:30

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