High Street, Ryde, PO33 2HT

High Street Property for sale

£240,000


A great opportunity to purchase a commercial unit with trading business in Ryde Town Centre.

LOCATION
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.

DESCRIPTION
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 separate businesses 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 a large Ceramic Studio being offered with all fixtures and fittings plus stock at valuation.

Fired Art Ceramic Studio is the Island’s premier busy ceramic studio where customers paint and design pieces of china, then leave them to be fired in the kiln, which is included in the sale. Popular with all ages, in practice it is a popular centre for arts and crafts and also hosts children’s parties, hen nights, corporate events, craft groups, pottery evenings, and undertakes commission work.

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 these properties are leased out 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.

This is offered as a retirement sale and the present owner may be able to stay on temporarily to help and train the new owner in all aspects of the business. There are also two part time staff, well versed in all aspects of the business who may also be happy to stay on if required.



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.

TERMS
Our client is asking £240,000 for this property and business, with the benefit of the current tenancies in place. The premises are held on a long leasehold of 900 years granted in 1880.
OUTGOINGS
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.
VIEWING
All viewings to be arranged via HRD Commercial. Due to the tenancies in place a notice period of 48 hours is required.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: commercial@hrdiw.co.uk