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
Offered for sale is 51 & 52 High Street Ryde. This property is currently opened up as one unit to the ground floor offering circa 1040 sq ft (96 sq m) of ground floor retail and storage space.
The property has partition walls which can be removed to create an open retail unit if desired. Or alternatively could be utilised as a joint venture for two complimentary businesses looking for accommodation.
There is rear pedestrian access on to Warwick Place.
The first and second floors are currently accessed via the rear of the property but No 51 has the option of being access via the High Street if required.
Accommodation is as follows:
51 High Street
Stairs to first floor, access into
Dining Room 3.19m x 3.66m
Kitchen 3.17m x 1.7m
Living Room 3.31m max x 5.48m
Stairs to second floor
Bedroom 1 5.47m x 3.34m max
Bedroom 2 3.66m x 3.22m
Bathroom & WC
This property has access from the residential to ground floor High Street.
52 High Street
Stairs to first floor, access into
Kitchen 3.5m x 2.3m
Bathroom
Dining Room 3.35m x 2.96m
Living Room 4.98m x 3.36m max
Stairs to second floor
Bedroom 1 3.36m max x 5.18m
Bedroom 2 3.33m max x 3.34m
This property also has access into the ground floor commercial from the residential aspect.
The residential properties have recently been upgraded to include a new gas fired central heating system for each unit.
SERVICES
The property benefits from mains electric, gas, water and drainage.
TERMS
Our client is asking £300,000 for this property.
51 and 52 High Street are each sold on separate Land Registry titles. 51 High Street is held on a 999 year lease from 1864, 52 High Street is held on a 900 year lease from 1868.
The benefit of each property being individually registered is the ability to split the units into two separate properties if required.
OUTGOINGS
The ground floor is rated for business rates. The current rateable value is £7,600, using the current UBR the rates payable would be approx. £3,800 not including any applicable small business rates relief.
The residential to the first and second floors is registered as one for council tax which is currently Band C.
VIEWING
The ground floor is rated for business rates. The current rateable value is £7,600, using the current UBR the rates
payable would be circa £3800 not including any applicable small business rates relief.
The residential to the first and second floors is registered as one for council tax which is currently Band C.