173 High Street Ryde Isle of Wight PO33 2HW

173 High Street
Ryde
Isle of Wight
PO33 2HW

Freehold Retail Investment

  • Entirely let to TUI UK Retail Ltd t/a Thomson Travel Agents (in occupation since 1987)
  • Prime pedestrianised High Street location in popular seaside tourist resort
  • Approximately 10 minutes crossing time to Portsmouth via hovercraft
  • Nearby occupiers include Boots the Chemist, New Look, Costa Coffee, Betfred and WH Smith
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    84
  • Auction
    22nd October 2015
  • Rent
    £16,700 per Annum Exclusive
  • Status
    Sold
  • Price
    £199,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint Fixed Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to TUI UK Retail Ltd t/a Thomson Travel Agents (in occupation since 1987)
  • Prime pedestrianised High Street location in popular seaside tourist resort
  • Approximately 10 minutes crossing time to Portsmouth via hovercraft
  • Nearby occupiers include Boots the Chemist, New Look, Costa Coffee, Betfred and WH Smith
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 84
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £199,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint Fixed Receivers

Property Information

Location
Miles
8 miles east of Cowes, 10 miles south of Portsmouth
Roads
A3054, A3, M275, M27
Rail
Ryde Esplanade, Ryde St John’s Road
Air
Gatwick International Airport, Southampton Airport
Situation

The property is situated in a prominent position on the western side of the pedestrianised High Street. Nearby occupiers include Boots, New Look, Costa Coffee, Betfred and WH Smith.

Tenure

Freehold.

Location
Miles
8 miles east of Cowes, 10 miles south of Portsmouth
Roads
A3054, A3, M275, M27
Rail
Ryde Esplanade, Ryde St John’s Road
Air
Gatwick International Airport, Southampton Airport
Situation

The property is situated in a prominent position on the western side of the pedestrianised High Street. Nearby occupiers include Boots, New Look, Costa Coffee, Betfred and WH Smith.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary staff and storage accommodation on the first floor. There is currently no access to the second floor.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary staff and storage accommodation on the first floor. There is currently no access to the second floor.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Site Area (Approx) Tenant Term Rent p.a.x. Reversion
Ground
First
Second
Retail
Ancillary
Ancillary
77.30 sq m
62.30 sq m
Not Measured
(833 sq ft)
(671 sq ft)
TUI UK RETAIL LTD
(1) (t/a Thomson
Travel Agents)
5 years from 01/11/2012
on a full repairing and
insuring lease
£16,700 31/10/2017
Totals  
139,60 sq m
(1,504 sq ft)
    £16,700  

(1) TUI UK Retail Limited are part of TUI AG. TUI Travel PLC has now merged with TUI AG to become TUI Group. TUI Group is the world’s number one tourism business with 1,800 travel agencies, six airliners, over 300 hotels and 13 cruise liners. In 2013/14 financial year the TUI Group recorded a turnover of €18.7 bn and an operating result of €869m. (Source: www.tuigroup.com 24/09/2015)

Property Documents

  • Site Plan
    Updated Date
    30.09.15
    File Size
    71 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    528 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 70 Great Bridgewater Street
Manchester
M1 5ES
Jayne Speers 0845 497 8717jaynespeers@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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