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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint Fixed Receivers

Important Update Interested?

Expand
Photos
Map

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

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

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)