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£500,000

High Street, Rye, TN31

  • 2 beds
Other

£500,000

  • 2 beds
Other
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Estimate monthly mortgage payment:

£2,283 per month

Minimum deposit amount:

£25,000
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This lovely building sits in a superb trading location on a prominent corner in the heart of the bustling Citadel of Rye where there is an eclectic mix of independent shops, cafes and restaurants. For many years, it has traded as a boutique style high end leather accessories shop on the ground floor, its beautiful double bay frontage maximising the window display space on offer, while the lower ground floor with its separate entrance from the street, offers a totally different experience. Set up as a Bear Cavern, it is a soft toy enthusiasts dream and even boasts being the oldest STEIFF stockist in the UK, bar Harrods.

There are also two further floors, presently used mainly for storage and office space, which offer enormous potential, subject of course to the necessary licenses and permissions. The fact that there is already a kitchen and bathroom in place on these floors means they could be converted into residential accommodation, generating further income as a holiday let or alternately providing permanent accommodation for long term tenants or anyone wanting to live above the business.

Its rich history, beautiful medieval buildings, close proximity to the coast and abundance of specialist shops, art galleries and restaurants make Rye a mecca for tourists all year round. This unique property, situated within the old town walls in the very heart of the trading centre, is brilliantly placed to take full advantage of that and would suit any number of different purchasers looking for an investment / commercial opportunity. Please note there is NO CHAIN and this property comes with full vacant possession.

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£2,283 per month
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Stamp Duty tax
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£3,750
Mortgage and legal costs:
£999
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