Lock-Up Shop in Central Ryde to Lease

Location

Located mid-way along the ever popular and affordable Cross Street, putting the unit close to the top of Union Street and the beginning of the High Street. The unit also benefits from on-street parking opposite, an adjacent bus stop, and the large car park attached to the Co-Operative supermarket. Ryde has an immediate population of around 25,000, considerably boosted by the influx of summer tourists as well as day-trippers via fast passenger catamaran and Hovercraft links from Portsmouth and Southsea. The town's boasts a 24,000 ft² Co-Operative supermarket in addition to Peacocks, WH Smith, Costa Coffee, The Card Factory, Specsavers, Superdrug, The Works, Mountain Warehouse, Poundland, J D Wetherspoon and Dominos. The town has benefitted recently from restoration works to many of its Victorian buildings and now presents as a smart and lively shopping area.

Description

Double fronted unit running to a total of circa 53.8m² (579ft²) with the retail area running to 41.2m² (444ft²). The unit benefits from a double frontage onto Cross Street of 5.5m (18ft) plus a return window to Union Road. Please see floor plan for further detail.

Terms

Available by way of a new lease at an initial rent of £8,400 per annum. The ingoing tenant will be asked to contribute towards the landlord’s reasonable legal costs in setting up the new lease. All other terms by negotiation.

Uniform Business Rate

Rateable Value: £6,700

2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com