Summary - FLAT 3, HYDE COURT, 48, HIGH STREET PE26 1AA
1 bed 1 bath Office
Long-term commercial lease with renovated flats and rear courtyard potential.
Freehold mixed-use building on Ramsey High Street
A substantial freehold mixed-use building on Ramsey High Street offering long-term commercial security and recently refurbished residential units. The ground floor is let on a single 20-year full repairing and insuring lease (from 1 Oct 2024) and comprises roughly 220 sq m of offices and two shop units, currently sublet to multiple occupiers. Above are three flats accessed via a shared entrance; two are let on short-term ASTs and one is vacant and available for re-letting.
The three residential units were fully renovated within the last five years and produce rental income (two first-floor flats at £685pcm each). The property includes a paved rear courtyard that provides scope for parking, servicing or further functional use. Double glazing and modern gas central heating were installed; the building was recorded as constructed in the 2003–2006 period and is presented in generally good condition internally given recent works.
Material considerations: the ground-floor income is secured under one head lease and depends on that tenant’s subletting model, so income stability is linked to that occupier. Crime levels in the area are above average, which may affect tenant demand and insurance costs. No internal inspection photos are provided in this summary; prospective buyers should review full lease documentation and survey reports before offer.
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