Retail property (high street) for sale
Property description & features
LOCATION
The property is well positioned on a thoroughfare between Union Street and the buoyant centre of the High Street, benefiting from a huge daily footfall.
Ryde is the biggest town on the Island by population, circa 25,000 (2021 census) and offers great transport links across the Island with Ryde Pier housing the Fastcat to Portsmouth.
DESCRIPTION
Previously utilised as a bank, the property offers approximately 6000 sqft over 4 floors.
The ground floor offers circa 192 sqm (2075 sq ft) of retail and staff areas including WCs, plus a substantial dry basement offering around 148 sq m (1593 sq ft) including a large safe/secure room.
The first and second floors offer office space of around 165 sq m (1776 sq ft) with WCs and staff areas. There is also a two bedroom split-level apartment with shared access to the offices.
The upper floors are accessed via an external door to the side of the property.
The property has vast potential for a range of uses, subject to gaining necessary consents.
TERMS
Our client is asking guide price £395,000 for this freehold property. There is also the opportunity to lease the premises at £40,000 per annum, terms to be negotiated.
OUTGOINGS
The VOA shows a total rateable value of £39,500. Rates payable will be circa £20,000. Please direct any enquiries to the Valuation Office Agency.
The Bank Flat - Council Tax Band A - £1,544 2023/24
PARKING NOTES
The property benefits from parking to the rear for 2 vehicles and a garage.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact the team on[use Contact Agent Button] or [use Contact Agent Button]
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