IMPOSING LANDMARK GRADE II Listed Building in the Centre of Ryde, Isle of Wight. Presently occupied as semi-commercial & residential. It is offered FOR SALE FREEHOLD. Some expansive 850 sq.m on each of the two floors that would lend itself to tasteful conversion to flats/apartments.(Subject to planning). Considered to be of outstanding structural condition with all modern mains and services. Precedent for Planning Permission established. Close to all town centre facilities and mainland ferries. EXCELLENT potential for developer. Recent advice from the local authority indicates that Planning Permission for residential conversion would not be contentious since precedent within the building has been established.

• Substantial Grade II listed building
• Very good letting opportunity & income
• Consistently high levels of income and profitability
• Huge development potential
• Prime position on major coastal town centre outskirts
• One of the town’s most Prestigious buildings
• Close proximity to high pedestrian traffic
• Several years of successful operations
• A well-established and profitable letting property
• All fixtures and fittings
• Significant goodwill 

Commercial element of the building is now generating £42,000 pa in rental income.

This imposing landmark, Grade 11 listed building is presently occupied as commercial/offices and offered for sale Freehold. It consists of 3,000 sq ft on the ground and first floor that would lend itself to tasteful grand apartments or smaller flats. The structure is in superb condition with all modern mains and services. The precedent for planning permission here is well established and no issues are foreseen with this.

Close to all town centre amenities and mainland ferries, the property has excellent potential for somebody looking for regular income from a commercial property or offers significant opportunities for a serious and tasteful developer. This building has been looked after well by the current owner.

There are currently some tenants including the owner’s business and all leases are of a reasonable length but have get out clauses for a new owner to obtain empty premises and for development if required.

Property Description

This is a substantial and well maintained Freehold ground and first floor premises in one of the most prestigious character buildings of the prosperous and historic coastal town resort of Ryde on the delightful Northern coast of the popular Isle of Wight.

Currently the ground floor, which is fitted and presented to high industry standards has an impressive and inviting enclosed portico style public vestibule entrance with internal doorway access into a welcoming reception hallway, affording stairway access to the first floor and leading to rooms and offices, of substantial sizes, on the ground floor. Currently there are 8 fitted and equipped rooms as well as the usual washroom/WC facilities and separate doorway to the rear.

The first floor, accessed by the open staircase consists of 5 substantial rooms with kitchen and bathroom facilities.

All rooms on both floors are highly versatile rooms offering the opportunity to continue using the building for business rental, converting to residential premises, or a mixture of both.

The property also incorporates a useful enclosed private service yard to the rear.