Shopfront Properties for sale in Ryde

Commercial Property in Ryde available for sale

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More details for 38 Simeon St, Ryde - Retail for Sale

Madeira - 38 Simeon St

Ryde, PO33 1JQ

Retail for Sale
£75,000
538 sq ft

Ryde Retail for Sale

LOCATION Located on Simeon Street, the property is just a short walk from the Town Centre, the Esplanade and Ryde's extensive sandy beaches. The unit enjoys a prominent corner position which benefits from sea views and a high foot fall with walkers, locals and tourists alike. Ryde is the biggest town on the Island by population, circa 32,000 (2011 census) and offers great transport links across the Island with Ryde Pier housing the Fastcat to Portsmouth. DESCRIPTION Offered for sale is Madeira, a well-known trading antique store and coffee shop. The unit benefits from large dual aspect windows and measures approximately 50 sqm. The ground floor consists of retail space, a coffee bar & seating area with a tanked, well-kept basement to the lower ground floor and a separate WC. The current owner has a café license for 35% of the shop which generally consists of approximately 15 covers and have previously served cold food such as cakes and sandwiches. All items in the shop will be included in the sale, including the Fracino coffee machine and ICR till. SERVICES The unit benefits from electricity, water and drainage. TERMS Our client is asking Guide Price £75,000 for the fixtures, fittings, goodwill, stock and the remainder of the lease at circa 676 years. OUTGOINGS The VOA shows a ratable value of £4,950. The rates payable would be circa £2,500 per annum. The property may be eligible for some reduced level of rates relief, all enquiries for this should be directly with the Valuation Office Agency or IOW Council.VIEWING All viewings to be arranged via HRD Commercial. Please contact on[use Contact Agent Button] or [use Contact Agent Button].

Contact:

Hose Rhodes Dickson

Property Subtype:

Shopfront

Date on Market:

10/10/2025

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Shopfront Properties for Sale Within 10 miles of the Ryde

15 Scarrots Ln

Newport, PO30 1JD

Retail for Sale
£120,000
1,865 sq ft

Newport Retail for Sale - Newport, Isle of Wight

Freehold commercial investment for sale within the island’s main town centre of newport – tenancy and business unaffected. Price guide - £120,000 freehold. Subject to the existing commercial tenancy in situ. Gross yield on capital before costs estimated at 9.92%. Tenure: Advised Freehold, to be confirmed in legal documentation, and subject to an existing commercial tenancy in situ at a passing rent of £11,900 p.a.x. The lease is dated 28th July 2020 for a term of 12 years up to and including 1st July 2032. Our client’s title is held under Title Numbers IW12267 and IW75132. A copy of the relevant lease documents can be made available to bona fide applicants or their professional advisors, subject to signature of a confidentiality agreement. Situated just a few steps from the main Town Centre and St. James Street, this is a rare opportunity to purchase a fully commercial investment, with an existing long-standing tenant in situ. The New Rembrandt Gallery has traded for many years in this location, and provides extensive accommodation for the main business and associated activities. Newport itself is the County Town and administrative centre for the Island and, as such, is constantly busy, with a great many and wide variety of commercial occupiers both national and local within its boundaries. The property itself is effectively semi-detached and is of traditional construction over three floors. Over the three floors, the total NIA is 1,865ft² (200.4m²).