1 Albert Road, Southsea, Hampshire, PO5

Description

Central Class E Premises
Ground Floor - 32.98 sq m (355 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 the busy and popular Southsea area within Portsmouth. Nearby occupiers include Gin and Oliver, O'neills, Sakura and Porters Bar and Kitchen.

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

We understand that the property is not elected for VAT.

Accommodation

The property is configured as a ground floor retail unit with kitchenette and W/C.

Total NIA - 32.98 sq m (355 sq ft)


Business Rates / Council Tax Band

Rateable Value (2023): £5,900

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.

A reservation fee of £950, plus VAT is to be paid to the Landlord prior to the issuing of the draft lease.

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 commencing rent of £12,000 per annum.

There is a service charge of £360 per annum and Buildings insurance is £431.75 per annum.