Ryden puts York restaurant on the menu

Feb. 28, 2011 - PRLog -- On behalf of a private client, Ryden has acquired the freehold interest in the Italian restaurant Zizzi at  2 Lendal in York.  The purchase price was £1,172,000 reflecting a net initial yield of 5.85%.

The property is split over two floors and is let to Ask Restaurants Limited for a term of 23 years at a passing rent of rent of £72,500 per annum.

Matthew Edwards, Regional Managing Partner at Ryden commented: “We continue to see value in good quality, well-let investments and are please to have successfully assisted our client in their ongoing acquisition programme.”

Eddisons represented the private vendor.

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Notes to Editors

Ryden is an independent commercial property firm operating a full-service practice.  Service lines include Agency & Development, Investment & Finance, Professional, Building Consultancy, Property Management and Consulting.

The firm is headed by Fiona Morton, Managing Partner, with around 140 people, including 30 partners and 18 associates.

Ryden has offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness.  

Some recent awards include:
•   Property Week’s Industrial Agency Team of the Year (Scotland) 2009
•   EGi’s Most Active Agent in Scotland 2009
•   EGi’s Most Active Industrial & Distribution Agent in Scotland 2009
•   EGi’s Most Active Office Agent in Scotland 2009

For more information see www.ryden.co.uk

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Ryden is the largest independent commercial property consultancy in Scotland and the North of England. We have 33 Partners and over 140 staff across six offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness.