25 Union St
Ryde PO33 2DT
Retail Property For Sale
Investment Highlights
- Grade II Listed
- The first and second floors of this property offer rooms to either let as holiday accommodation or with potential to convert to residential
- Currently let to Ladbrokes
Property Facts
Amenities
- Security System
- Storage Space
About 25 UNION ST , RYDE, IOW PO33 2DT
A great opportunity to purchase an investment property in Ryde Town Centre. A Grade II Listed property with ground floor commercial unit currently let to Ladbrokes. The first and second floors of this property offer rooms to either let as holiday accommodation or with potential to convert to residential subject to gaining the necessary consents. The rear of this property also offers a parking area, currently utilised by Yelf's Hotel and not forming part of the current tenant lease to Ladbrokes which again could be utilised for future developments, subject to gaining consent. Ladbrokes occupies the front ground floor of this substantial property on a 15 year lease from October 2008 at a passing rent of £31,000 per annum. This gives a net yield circa 5.6%.
