Mixed Use For Sale
High Profile Mixed Use, Commercial Retail & Residential Investment for sale in the popular and attractive coastal town of Rye, East Sussex
Rye is an affluent and attractive coastal town in East Sussex, situated approximately 19 miles southwest of Ashford and 12 miles east of Hastings. London is 62 miles to the northwest.
Road communications are good with the A259 / A2070 linking onto the M20 at Junction 10 (Ashford). Rye railway station is only 250 metres from the property providing direct services to Ashford International, Hastings and Eastbourne.
The property comprises a three-storey mixed use retail and residential building fronting the A259 adjacent to Rye town centre. The property overlooks the quayside. Part of the property is new build and comprises 4 apartments, all spacious and fitted to a high specification. The ground floor retail / restaurant offers excellent potential for splitting / conversion or letting to a national retail chain. There is a large town centre pay and display car park adjacent to the property.
Rye is town centre is vibrant with a wide range of independent retailers that attracts a range of investors / second homeowners for both commercial and residential properties.
 Accommodation
| GROUND FLOOR RETAIL | 2,930 sq.ft. | 272 sqm |
| APARTMENT 1 | 974 sq.ft. | 91 sqm |
| APARTMENT 2 | 1,062 sq.ft | 99 sqm |
| APARTMENT 3 | 1,055 sq.ft | 98 sqm |
| APARTMENT 4 | 1,128 sq.ft | 105 sqm |
| APARTMENT 5 | 961 sq.ft | 89 sqm |
Tenancies
The ground floor retail unit has traded a take-away fish & chip shop and restaurant for over 50 years and by the current owner for 22 years. It is available with vacant possession or on leaseback terms to be agreed. The apartments are currently let on AST’s producing £77,112 per annum. The apartments would be attractive if sold individually to second homeowners.
Planning
Planning consent exists to convert part of the ground floor retail space to residential.
VAT is not applicable.
Tenure: Freehold
No EPC available for this property
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