1 bedroom property for sale

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1 bedroom property for sale

3 Union Street, Ryde, Isle Of Wight
£150,000

Our Summary

  • Freehold with Part Vacant PossessionCommercial EPC: DImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers

Description

This freehold end-terrace building is situated on Union Street in Ryde, a prime retail location near the Esplanade. The ground floor is let as a commercial unit, producing a significant income, while the lower ground floor is a vacant one-bedroom flat. The remaining five residential flats are sold on long leases, paying a ground rent to the freeholder, who also arranges for building management insurance and reclaims the cost through a service charge. The property has a total floor area of 100 sq.m and an EPC rating of D. The freeholder is offering the property with part vacant possession, providing an opportunity for buyers to renovate and redevelop the building to suit their needs.
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