High Street, Ryde, PO33 2RE

High Street Property for sale

£300,000


Vacant retail premises with residential over.

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.

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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Manager

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Administration

Tel: 01983 527727 Email Us: [email protected]