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41 The Ridgeway 635 sq ft 100% Let Retail Property Plymouth £150,000 (£236.22/sq ft) 10% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Impressive commercial investment property
- Charming lock-up café/coffee shop
- Prime location in thriving shopping parade
EXECUTIVE SUMMARY
This impressive investment property occupies a prominent trading position in the Ridgeway, the main shopping thoroughfare serving the highly sought after residential suburb of Plympton, approximately 4 miles west of the city centre of Plymouth. The Ridgeway is home to a variety of trades including numerous multiple concerns such as Wetherspoons, Boots, Superdrug, Co-op, Iceland, Subway and Betfred. In addition, there is a full variety of independent retail concerns, as well as restaurant, cafés, takeaways, estate agents, opticians, etc. The parade is serviced by ample parking, with three separate free car parks located nearby.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
635 sq ft
Costar Property Class
B
Year Built
1970
Price
£150,000
Price per sq ft
£236.22
Yield
10%
NOI
£15,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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41 The Ridgeway
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