Lot 75 Offices With Flat BelowAuction Date:
12th June 2025
George Street Chambers, 22 George Street, Ryde, Isle Of Wight, PO33 2EW
Currently let at £26,100 per annum
Potentially fully let at £51,480 per annum
This substantial and attractive Georgian building occupies an excellent location in Ryde town centre a short distance from the hovercraft and fast cat connections to the mainland.
The building is at present arranged as a recently refurbished three bedroom residential flat on the lower ground floor, with the remainder of the building in use as offices, producing a worthwhile investment income.
Currently partially occupied, the building is considered ideal for use as an income producing investment with the scope to increase the rent through letting the remaining units. The building has previously had the benefit of planning consent for full conversion to residential accommodation either as a single dwelling or apartments, or it is considered that there may be potential for an HMO, subject to all necessary consents being obtainable.
Lower Ground Floor
Flat
Living room, kitchen, three bedrooms and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £790 per calendar month.
EPC Rating D
Council Tax Band A
Upper Ground Floor
Entrance hall, range of four offices, staff kitchen and cloakroom with W.C.
Second Floor
Entrance hall, six offices, staff kitchen and cloakroom with W.C.
Outside
Gardens to front and side.
EPC Rating
D (88). Total Floor Area 304 sq.m.
Tenancies
Offices 1A, 1B, 1C, 2 & 3 - Let under the terms of an Agreement dated 1st June 2024, the tenants are responsible for paying for the building utilities, Wi-Fi, cleaning charges etc. in consideration of the rent.
Office 4 - Let under the terms of an Agreement - the tenant is due to vacate on Friday 23rd May.
Office 5 - Vacant. Previously let at a rental of £405 per calendar month.
Office 6 - Let under the terms of an Agreement - the tenant is due to vacate before the auction.
Office 7 - Let under the terms of an Agreement at a current rental of £315 per calendar month.
Office 8 - Let under the terms of an Agreement at a current rental of £430 per calendar month.
Office 9 - Let under the terms of an Agreement at a current rental of £320 per calendar month.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
Freehold with Part Vacant Possession
Further Information
Mike Marchant/Rob Marchant
on 01489 564606
Viewings
- Thu 29th May
11:30 - Thu 5th June
11:30
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Legal Documents
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- Special Conditions
- Office Copy Entries
- Lease(s)
- Environmental Search
- Drainage Search
- Planning Permission
- Tenancy Agreement(s)
- EPC
- Gas Safety Certificate
- Electrical Certificate
- Other Documentation
- Online Auctions Buying Guide
Service Providers
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Local Information
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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 Auction Day.
* 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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
