Prominent Retail Unit in Ryde High Street

Location

Located in one of the busiest parts of Ryde's pedestrianised High Street, adjacent to Costa Coffee, and supported by many national multiple retailers such as Boots, WH Smith, Co-operative Supermarket, Specsavers and Card Factory. This area of the High Street is one of the highest for footfall being close to the junction with entrance 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 day-to-day needs have been reinvigorated with a purpose built 24,000 ft² Co-Operative supermarket

Description

The unit benefits from a 7.8 metre (25.5 ft) frontage to the High Street and the total area of the ground floor runs to 194m² (2,087 ft²), supported by first floor accommodation of circa 96.8m² (1,041 ft²). This gives an area In Terms of Zone A (ITZA) of 94.8m² (1,020ft²). Please see floor plan for further detail.

Terms

Offered by way of a new lease at £40,000 per annum. The unit will be available from April 2024, full terms by negotiation

Uniform Business Rate

Rateable Value: £29,500

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