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13 Old Market Pl 996 sq ft Retail Property Ripon HG4 1EQ £125,000 (£125.50/sq ft) 10% Net Initial Yield
Investment Highlights
- Located in a prominent Ripon city centre position
- Attractive net initial yield of around 10%
- Long-established local retailer
Executive Summary
A mid-terrace commercial property in a prominent Ripon city centre position, arranged over two floors plus an additional storage basement. The property is let to The Pet Shop, a long-established local retailer, currently producing an income of £12,500 per annum. Approximately three years remain on the tenant’s lease, providing secure income for investors. At the asking price, the property offers an attractive net initial yield of around 10%, making this a compelling opportunity for investors seeking a strong return in a busy retail location.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
996 sq ft
Costar Property Class
B
Year Built
1890
Price
£125,000
Price per sq ft
£125.50
Yield
10%
NOI
£12,500
Tenancy
Single
Number of Floors
3
Plot ratio
0.02
Total Plot Size
1.00 ac
Frontage
13 ft on Fishergate
Amenities
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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13 Old Market Pl
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