69 Castle Road, Southsea, Hampshire, PO5

Description

Fully Fitted Restaurant in Central Location
Total Size - 98.62 sq m (1,057 sq ft)

Location

Southsea is a busy and attractive area within Portsmouth, which is located approximately 19 miles south east of Southampton and 70 miles south west of London.

The property in located on the eastern side of Castle Road, a popular area of Southsea which is home to a variety of independent shops, bars and restaurants.


Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use 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 has an approximate Net Internal Area (NIA) of 98 sq m (1,507 sq ft).

Business Rates / Council Tax Band

Rateable Value (2023): £8,200

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

EPC

TBC

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £21,600 per annum exclusive.

There is a premium. Please discuss with Agent. Offers invited.