Ryde Arena is prominently situated on Ryde Esplanade.. The property has development opportunity (STP)., The Island is known for its natural beauty and is the UK centre for international yachting. It is a creative place, with a thriving music and arts scene and hugely popular annual festivals. Its food and hospitality sector includes award winning artisan producers and top quality attractions, restaurants and hotels, all drawing large visitor numbers., The Island is home to a number of advanced manufacturing companies in the marine, composites, defence and other sectors and is known for its high level of employee retention., Ryde is the largest town on the Island by population and has long been seen as the gateway to the Island, for its excellent transport links, with regular services from Southsea, 8 minutes away by Hovercraft - and Portsmouth, 23 minutes by FastCat passenger ferry / 45 minutes by vehicle ferry., Regular frequent rail services from London Waterloo take c.1 hour 50 minutes. A local train service from Ryde pier head connects through to Shanklin. Ryde is easily reached from Southampton via the RedJet to Cowes / vehicle ferry to East Cowes and road, or by South West Trains and FastCat or hovercraft., The A3054 links Ryde by road to the county town of Newport, to the west and the A3055 links with the Bay Area (Sandown, Shanklin, Lake) to the south-east, and onto Ventnor. If flying, there are airports at Bembridge and Sandown., The property extends to approximately 27,850 sq ft (2,587 sq m) gross internal area arranged mostly at ground floor, with ancillary space at first floor, on a site of c.0.55 acres (0.22 hectares)., The property is held long leasehold from the Isle of Wight Council on a 125 years lease from 9 February 2011 (119 years unexpired) at a rent of £1 per annum exclusive., Long Leasehold, Development Potential (STP), Rental Offers Invited in the Region of £95,000 per annum, Ryde Arena is prominently situated on Ryde Esplanade, the town's seafront, adjacent to the hovercraft terminal and close to the FastCat, train, bus and taxi interchange. The Esplanade offers a wide range of leisure facilities including a 200+ berth Marina, bowling green, amusements park, trampolines, and the very successful locally run Waterside Pool and Boating Lake. These are linked by a clean sandy beach connecting the town to the village of Seaview to the east. The Ryde Arena building is of steel frame construction with brick clad and glazed elevations under a part flat, part pitched roof. The building was previously in commercial leisure use and offers excellent column free floor space.