£350,000
(£233.33/sq. ft)
Retail premises for saleHigh Street, Ryde PO33
1,500 sq. ft
About this property
Situated in the heart of the pedestrianised precinct of Ryde High Street, this rare opportunity comprises a commercial investment on the ground floor, currently let to Ladbrokes, with two separately-let flats above, all producing a total net initial income of some £40,080 pa, representing a net initial yield before costs of some 11.45%. Early interest is therefore very strongly encouraged in respect of this investment, available now for sale subject to the tenancies in situ.
Ryde is the Island's second main commercial centre, but enjoys the largest residential catchment area of any, with a wide variety of facilities within the town boundaries, including an excellent mix of local independent and national corporate commercial occupiers, coupled with the ever-popular beaches, Esplanade and leisure facilities, plus the regular and quick foot passenger crossings to Portsmouth and Southsea on the mainland from Ryde Pier Head and the Esplanade respectively. The town is popular with locals and tourists alike, with a good year-round trade that is supplemented considerably by visitors during the summer season each year.
Ryde is the Island's second main commercial centre, but enjoys the largest residential catchment area of any, with a wide variety of facilities within the town boundaries, including an excellent mix of local independent and national corporate commercial occupiers, coupled with the ever-popular beaches, Esplanade and leisure facilities, plus the regular and quick foot passenger crossings to Portsmouth and Southsea on the mainland from Ryde Pier Head and the Esplanade respectively. The town is popular with locals and tourists alike, with a good year-round trade that is supplemented considerably by visitors during the summer season each year.
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