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27 High St 1,510 sq ft Retail Property Ryde PO33 2HT £350,000 (£231.79/sq ft) 11.45% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Retail/Residential Investment Opportunity
- Retail Annual Rent of £27,000
- Ladbrokes on 5 Year Lease from April 2023
- Situated in the heart of the pedestrianised precinct of Ryde High Street
EXECUTIVE SUMMARY
A rare opportunity to purchase this mixed commercial and residential property in the heart of Ryde Town Centre. The freehold of this investment opportunity is available for the guide price of £350,000, providing a yield of 11.45%.
Ground floor: Currently let to Ladbrokes on the balance of a 5 year term from April 2023, at a passing rent of £27,000 p.a.x. We understand that the lease includes tenant-only break clause arrangements, and a copy lease can be made available upon request to bona fide applicants or their professional advisors, and possibly subject to signature of a confidentiality agreement.
Ground floor: Currently let to Ladbrokes on the balance of a 5 year term from April 2023, at a passing rent of £27,000 p.a.x. We understand that the lease includes tenant-only break clause arrangements, and a copy lease can be made available upon request to bona fide applicants or their professional advisors, and possibly subject to signature of a confidentiality agreement.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,510 sq ft
Costar Property Class
C
Year Built
1960
Price
£350,000
Price per sq ft
£231.79
Yield
11.45%
NOI
£40,075
Tenancy
Single
Number of Floors
2
Plot ratio
0.89
Total Plot Size
0.04 ac
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27 High St
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