Summary - 38, SIMEON STREET PO33 1JQ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime corner location on Simeon Street, close to town center and sandy beaches
- High foot traffic area attracting both locals and tourists
- Established antique store and coffee shop with café license for 15 covers
- Approximately 50 sqm of retail space with large dual aspect windows
- Included in the sale: fixtures, fittings, goodwill, stock, and equipment (Fracino coffee machine, ICR till)
- Leasehold with an impressive 676 years remaining
- Guide Price: £85,000
**Overview:**
Discover the potential of Madeira, an established retail property positioned at a vibrant corner in the heart of Ryde. Just a short stroll from the town center and scenic esplanade, this well-loved antique store and coffee shop offer a unique blend of commerce and comfort. Spanning roughly 538 square feet, the premises boasts bright, dual-aspect windows, enhancing the shopping experience while inviting a steady flow of visitors.
This versatile space not only provides excellent retail potential but is also equipped for a café environment, making it an ideal investment for aspiring entrepreneurs or those looking to expand their portfolio. The property includes a well-kept basement, perfect for additional storage or operational needs.
While the area is average in crime and presents some socioeconomic challenges, the high traffic from tourists and locals suggests promising footfall and rental potential. An assessment of the local amenities shows a wide array of services and entertainment options within walking distance, catering to a diverse clientele.
With a competitive guide price and ample lease duration, this property is an attractive opportunity for investors and small business owners alike. Seize the chance to own a piece of Ryde's historic charm, and don't miss out on this unique commercial venture!
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