202-204 New Road, Portsmouth, Hampshire, PO2

Description

Social Club with Development Potential
Total size - 418.72 sq m (4,513 sq ft)

Location

Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.

The property is located in New Road which is primarily residential area that connects Copnor Road and Kingston Road. Nearby occupiers include Portsmouth Carpets Specialist, Solent News, The Stag and Seafront Motors.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class F2 was introduced to cover local community uses. Use Class F2 encompasses a hall or meeting place for the principal use of the local community, indoor or outdoor swimming baths, skating rinks and outdoor sports or recreations not involving motorised vehicles schools or firearms. These uses were previously covered under Use Class D2 of the former UCO. We therefore understand that the premises benefit from Class F2 within the Use Classes Order 2020.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.


VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

The accommodation comprises of an end of terrace and terraced property that has been used as one unit with internal access between the two. There is a right of way for emergencies through the back but otherwise there is no rear access.

From the front, 204 is on the left hand side and is the main entrance for the building. Internally on the ground floor, this is currently used as a bar and function room for the social club. Access to the basement is via 204. There are toilets at the rear. 202 is accessed through both ground and first floor but can be self-contained.

On the first floor, 204 is used as a further function and bar room with a small office and W/C. 202 was previously used as a flat but has been vacant for many year. The flat is currently inhabitable and in need of modernisation and fitting out.

We have measured and calculate the premises to have the following approximate Gross Internal Area (GIA):

Description sq m sq ft
Ground Floor
Ground Floor 238.29 2565
First Floor Flat (GIA) 79.19 852
First Floor Office 66.38 715
Total NIA 383.86 4,13
Basement 35.36 381


Business Rates / Council Tax Band

Rateable Value (2023): £10,250.

The occupier may be entitled to 100% Small Business Rate relief.

EPC

We understand the property has an EPC rating of C.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

We have been instructed to market the property with vacant possession and seek offers in excess of £380,000 for the freehold interest subject to contract.