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Lot: 138 - FREEHOLD TOWN CENTRE MIXED INVESTMENT - Front View of the Building
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Lot 138 Freehold Town Centre Mixed InvestmentAuction Date:
20th March 2024

120 High Street, Ryde, Isle Of Wight, PO33 2SU

Currently let at £27,850 per annum

Category Mixed Commercial/Residential
Tenure Freehold
Bedrooms x 4
Bathrooms x 4

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



120 High Street, Ryde, Isle Of Wight


There is an addendum available to be read
in conjunction with the legal documentation.

Joint Agents

Scotcher & Co

Scotcher & Co
01983 822288

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