49A High St 172 SF Retail Building Brading PO36 0DQ £38,000 (£220.93/SF) 11.05% Net Initial Yield
INVESTMENT HIGHLIGHTS
- A highly popular tourist attraction
- Brading also benefits from being close to Bembridge and the Sandown, Shanklin, Lake conurbation increasing its popularity as a destination location
- It also has a railway station linking the town to Ryde and fast passenger ferry links
EXECUTIVE SUMMARY
Ground floor lock-up unit running to a total of 16m² (172ft²) with good display window fronting Brading High Street. The unit has recently been refurbished and would suit either retail or office use. The property will need to have its own electricity meter installed. Please see floor plan overleaf for further detail.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
172 SF
Year Built
1880
Price
£38,000
Price Per SF
£220.93
Net Initial Yield
11.05%
NOI
£4,200
Tenancy
Single
Number of Floors
1
Building FAR
0.01
Lot Size
0.61 AC
Frontage
22 ft on High Street
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