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Retail and Shops

Prominent Retail Shop, Cross Street, Ryde

7 Cross Street, Ryde, Isle of Wight, PO33 2AH

£7,750 per annum

Key features

  • Opportunity to acquire a retail unit in a prominent location, Cross Street, Ryde
  • Amongst a variety of established specialist retailers
  • Ground floor retail plus lower ground floor basement total 65.5m² (705ft²)
  • Available to rent, with a new lease offered at £7,750 per annum
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LOCATION

Located in central Cross Street, Ryde amongst many established specialist retailers. The building is on the corner of Cross Street and Union Road, Ryde and is highly visible. 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, M&Co, 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

The shop consists of ground floor retail and well-presented lower ground floor basement, the overall area being 65.5m² (705ft²). The ground floor retail area runs to some 24m² (258ft²) with large display window on to Cross Street. Please see floor plan overleaf for further detail.

TERMS

Offered by way of a new lease at £7,750 per annum. The ingoing tenant will be asked to contribute to the landlord’s reasonable legal costs in setting up the lease. All other terms by negotiation.

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 301 434.

E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com

UNIFORM BUSINESS RATE

Rateable Value: £5,500

2022/2023: £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.

Retail and Shops

Prominent Retail Shop, Cross Street, Ryde

7 Cross Street, Ryde, Isle of Wight, PO33 2AH

£7,750 per annum

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