Lot 158: FREEHOLD FOUR STOREY MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT

Sold £131,000

Set into a hill, with three storeys to the front and four to the rear, this impressive building is situated a short distance from the junction of Union Street and High Street, Ryde’s main retail location.

The lower two floors are let under the terms of a commercial lease, while the upper two floors comprise a two bedroom flat which is at present let on an Assured Shorthold Tenancy.

Commercial

Lower Two Floors

Basement (in use as storage)with cloakroom/W.C. and ground floor main sales/retail area.

Tenancy

Let under the terms of a Commercial tenancy, for a term of 5 years from 28th November 2017, at a current rental of £6,240 per annum.

First/Second Floor Flat

Entrance, living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, dated 24 December 2019, at a current rental of £640 per calendar month.

Outside

Courtyard to the rear, accessed via Union Road.

Residential EPC: D
Commercial EPC: D