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27 High St 1,510 SF Retail Building Ryde PO33 2HT $452,018 ($299.35/SF) 12.14% Cap Rate
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 £330,000, 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
Storefront Retail/Residential
Building Size
1,510 SF
Building Class
C
Year Built
1960
Price
$452,018
Price Per SF
$299.35
Cap Rate
12.14%
NOI
$54,893
Tenancy
Single
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.04 AC
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Nearby Major Retailers
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27 High St
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