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23, 24 & 25 Newport Street, Ryde... 4 bed property for sale
23, 24 & 25 Newport Street, Ryde, Isle Of Wight
£290,000
23, 24 & 25 Newport Street, Ryde, Isle Of Wight
£290,000
Our Summary
- While the car parking undoubtedly offers scope/potential for redevelopment we are advised by the seller that the owners of the landlocked parcel of land to the rear of the site have previously enquired as to the possibility of purchasing the car park individually or purchasing access rights, therefore, this may be an additional avenue that the new owners may wish to pursue
- 11 acres) and prospective purchasers may prefer to consider a scheme for full site redevelopment at the end of the existing commercial lease, subject to all necessary consents being obtainable
- Freehold with Part Vacant PossessionResidential EPC: DCommercial EPC: TBCImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 18 September 2025
- For Sale by Online Auction
Description
This unique property comprises a detached four-bedroom house, a commercial investment unit, and a town center car park in Ryde. The house has been let to a local Housing Association for many years and has been restored to its original condition. The commercial unit is let for £5,720 per annum under a five-year lease, while the car park provides parking for both the house and the commercial unit. The property sits on a 0.11-acre site, offering potential for redevelopment at the end of the commercial lease, subject to necessary consents. The car park, which may be sold separately or used as access rights to a landlocked parcel of land behind the site, also presents redevelopment opportunities. The property is freehold with part vacant possession and has a D-rated EPC for the residential property and a TBC-rated EPC for the commercial unit.