208 Havant Road, Drayton, Hampshire

Description

Class E Premises
Ground Floor Sales Area 99.98 sq m (1,076 sq ft)

Location

Drayton is a popular residential suburb of Portsmouth, with excellent transport links and local facilities.

The property is situated on the southern side of Havant Road, a busy throughfare linking Cosham (M27) from the west and Farlington (A3/M27) from the east.
Nearby occupiers include The Co-Op, Kassia, Fry & Kent, Fine & Country, Betfred and C&Co Hairdressing.

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, 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

We understand the property is not registered for VAT.

Accommodation

The property comprises a mid-terraced, two-storey building with a lower ground floor.

Internally, the ground and lower ground floors were configured as a KFC restaurant, but the former tenant has stripped the unit.

The first floor is arranged as a one bedroom flat, which is self-contained and independently accessed from the rear.

Externally, there is rear loading and parking.

The property has the following approximate NIA:

Area Sq M Sq Ft
Ground Floor 99.98 1,076
Lower Ground Floor 98.84 1,064
First Floor Flat 66.31 714
Total 265.13 2,854

Business Rates / Council Tax Band

Rateable Value (2017): £15,000.

Following the Government's 2018 Autumn Budget, from April 2019 for the remaining 2 years of the current Rating List, all occupiers of retail units with a Rateable Value below £51,000 (including £50,500 but excluding £51,000), will receive a discount of 1/3 from their rates bill, subject to State Aid Limits (€200,000).

EPC

We understand the property has an EPC rating of C (75).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a rent of £25,000 per annum exclusive.