Property description

LOCATION
The property is situated in the popular Cross Street shopping area of Ryde town centre, between Malcolm Daniells Solicitors and Cross Street Dental Clinic.

DESCRIPTION
A great opportunity to purchase this freehold mixed use investment, comprising a retail unit at ground floor, trading as The Hair Lounge, plus two flats at first floor (1 x one bedroom and 1 x two bedrooms).

The retail unit is let on a 6 year lease expiring June 2015 at a rent of £11,500pa. The flats have recently been vacated and would re-let very well on AST’s, or could be sold on.

TERMS
Our client is seeking offers in the region of £210,000 for the freehold in the building, with the benefit of the retail income and potential residential letting income/ onward sales receipts..

COSTS
Each party is to be responsible for their own legal fees.

VIEWINGS
All viewings to be undertaken by the Commercial office. Please contact 01983 527727 to arrange a viewing.

Property Features :

• Freehold Investment Opportunity
• Ryde Town Centre
• Popular Area