Investment Properties for sale in Isle of Wight

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Vacant retail premises with residential over.

Isle of Wight, England

  • Leasehold Price: £300,000
Seller Reference: COM940
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Business Description
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Seller Reference: COM940
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Business Description
Ryde is the largest town on the Island by population (circa 32,000 - 2011 census) and boasts fantastic shopping areas from High Street down to Union Street.

This popular town has links to the south of the Island via the Islandline train and Portsmouth and Southsea via the Hovercraft and Fast Cat.
Offered for sale is 51 & 52 High Street Ryde. This property is currently opened up as one unit to the ground floor offering circa 1040 sq ft (96 sq m) of ground floor retail and storage space.

The property has partition walls which can be removed to create an open retail unit if desired. Or alternatively could be utilised as a joint venture for two complimentary businesses looking for accommodation.

There is rear pedestrian access on to Warwick Place.

The first and second floors are currently accessed via the rear of the property but No 51 has the option of being access via the High Street if required.

Accommodation is as follows:

51 High Street
Stairs to first floor, access into
Dining Room 3.19m x 3.66m
Kitchen 3.17m x 1.7m
Living Room 3.31m max x 5.48m
Stairs to second floor
Bedroom 1 5.47m x 3.34m max
Bedroom 2 3.66m x 3.22m
Bathroom & WC
This property has access from the residential to ground floor High Street.

52 High Street
Stairs to first floor, access into
Kitchen 3.5m x 2.3m
Dining Room 3.35m x 2.96m
Living Room 4.98m x 3.36m max
Stairs to second floor
Bedroom 1 3.36m max x 5.18m
Bedroom 2 3.33m max x 3.34m
This property also has access into the ground floor commercial from the residential aspect.

The residential properties have recently been upgraded to include a new gas fired central heating system for each unit.
Is accommodation included?:
Number of bedrooms:
Location Details:
Situated to the top of Ryde High Street in a good secondary location. Neighbouring businesses and properties include Iceland, Carpets Direct and various other local and boutique stores.
Leasehold Term:
51 and 52 High Street are each sold on separate Land Registry titles. 51 High Street is held on a 999 year lease from 1864, 52 High Street is held on a 900 year lease from 1868.
Listed by:
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