Property for sale

George Street Chambers, 22 George Street, Ryde, Isle Of Wight PO33

This substantial and attractive Georgian building occupies an excellent location in Ryde town centre a short distance from the hovercraft and fast cat connections to the mainland.

The building is at present arranged as a recently refurbished three bedroom residential flat on the lower ground floor, with the remainder of the building in use as offices, producing a worthwhile investment income.

Currently partially occupied, the building is considered ideal for use as an income producing investment with the scope to increase the rent through letting the remaining units. The building has previously had the benefit of planning consent for full conversion to residential accommodation either as a single dwelling or apartments, or it is considered that there may be potential for an HMO, subject to all necessary consents being obtainable.

Lower Ground Floor
Flat
Living room, kitchen, three bedrooms and bathroom with W.C.

Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £790 per calendar month.

EPC Rating D

Council Tax Band A

Upper Ground Floor
Entrance hall, range of four offices, staff kitchen and cloakroom with W.C.

Second Floor
Entrance hall, six offices, staff kitchen and cloakroom with W.C.

Outside
Gardens to front and side.

EPC Rating
D (88). Total Floor Area 304 sq.m.

Tenancies
Offices 1A, 1B, 1C, 2 & 3 - Let under the terms of an Agreement dated 1st June 2024, the tenants are responsible for paying for the building utilities, Wi-Fi, cleaning charges etc. In consideration of the rent.
Office 4 - Let under the terms of an Agreement - the tenant is due to vacate on Friday 23rd May.
Office 5 - Vacant. Previously let at a rental of £405 per calendar month.
Office 6 - Let under the terms of an Agreement - the tenant is due to vacate before the auction.
Office 7 - Let under the terms of an Agreement at a current rental of £315 per calendar month.
Office 8 - Let under the terms of an Agreement at a current rental of £430 per calendar month.
Office 9 - Let under the terms of an Agreement at a current rental of £320 per calendar month.

Local Planning Authority
Isle of Wight Council. Tel: Website:

Freehold with Part Vacant Possession
Residential EPC: D
Commercial EPC: D
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to