4 bedroom property

A three storey freehold building situated in Ryde High Street and arranged as a lock-up retail unit on the ground floor which is trading as a hair and beauty salon and occupied under the terms of a commercial lease. The first and second floors are occupied by four studio flats which are all let under the terms of Assured Shorthold Tenancy Agreements. The property is considered ideal for a addition to an income-producing letting portfolio.

Ground Floor
Main trading area with staff cloakroom with W.C.
Tenancy
Let under the terms of a five-year commercial lease expiring on 4th October 2026 at a current rental of £6,250 per annum.

First Floor
Flat 1
Comprising living room/bedroom/kitchen and shower room with W.C.
Tenancy
Let under the terms of an initial six-month tenancy expiring on 7th September 2021 at a rental of £450 per calendar month.

Flat 2
Comprising living room/bedroom/kitchen and shower room with W.C.
Tenancy
Let under the terms of an initial six-month tenancy expiring on 7th August 2021 at a rental of £450 per calendar month.

Second Floor
Flat 3
Comprising living room/bedroom/kitchen and shower room with W.C.
Tenancy
Let under the terms of an initial six-month tenancy expiring on 4th March 2023 at a rental of £450 per calendar month.

Flat 4
Comprising living room/bedroom/kitchen and shower room with W.C.
Tenancy
Let under the terms of an initial six-month tenancy expiring on 24th March 2021 at a rental of £450 per calendar month.

Each Flat Council Tax Band A

Residential EPC: D

Commercial EPC: C

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

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Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

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