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High St 2,533 SF 100% Leased Retail Building Ryde PO33 2PN $533,874 ($210.77/SF) 9.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold investment opportunity is available
- Tenanted with strong covenants
EXECUTIVE SUMMARY
Situated at the northern end of the main High Street of Ryde, where it adjoins St. Thomas Square and Union Street, early interest is very strongly encouraged in respect of this rare investment opportunity, available now for sale, subject to the tenancies in situ (businesses unaffected).
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.
The premises are of traditional older-style construction, with further details as briefly outlined overleaf.
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.
The premises are of traditional older-style construction, with further details as briefly outlined overleaf.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
2,533 SF
Building Class
C
Year Built
1900
Price
$533,874
Price Per SF
$210.77
Cap Rate
9.15%
NOI
$48,850
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.11 AC
Frontage
42’ on High Street
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NEARBY MAJOR RETAILERS
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