Lot 109: FREEHOLD LIGHT INDUSTRIAL ESTATE INCLUDING EIGHT UNITS FOR INVESTMENT

This light industrial site is situated close to the eastern end of Ryde seafront and comprises eight lock-up industrial units which are in use by a variety of smaller local traders. Of the original 10 units, two have previously been sold (Numbers 3 & 9) with the remaining units producing a healthy income, and considered ideal for addition to an income- producing portfolio.

The site has vehicular access from both East Street and Monkton Street and includes a ladies and gents toilet block which is used by the occupiers on the site.

Tenancy

Each of the units is let under the terms of Licence Agreements offering ‘easy in and easy out’ terms. The larger unit 1 is currently let at a rent of £440 four-weekly, with the remaining seven units all let at £400 four-weekly. Further tenancy information will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Commercial EPC: G