4 bed office

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4 bed office

Union Street, Ryde PO33
£325,000

Our Summary

  • We are offering the full freehold property, the sale will include planning permission;
  • This comprehensive work ensures that the property meets contemporary expectations for comfort and safety, making it an ideal candidate for further development
  • Planning reference No: 23/02258/ful

Description

This property, situated in the heart of Ryde town centre, offers a unique opportunity for a developer to acquire a freehold property with planning permission for a mixed-use development. The property consists of two 2-bedroom apartments with sea views, one 2-bedroom apartment with a roof terrace, one 1-bedroom apartment with sea views, and two 2-bedroom townhouses with gardens at the rear. The property underwent a comprehensive refurbishment in the mid-1990s, ensuring it meets modern standards of insulation and safety. With planning permission already in place, the property has the potential to generate an annual income of approximately £80,000 once fully let. The property benefits from main electric, water, and drainage services, although any developer would be expected to undertake the separation of utilities for the converted and newly built properties.
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