106-108 Albert Road, Southsea, Hampshire, PO5 2SN

Description

The property occupies a prominent corner position, affording excellent visibility and substantial return frontage. The accommodation is arranged over ground floor with the addition of a mezzanine level. The premises may be suitable for a variety of alternative uses, subject to obtaining the requisite statutory consents.

Location

Southsea is a vibrant and well-established coastal district within the city of Portsmouth, Hampshire, renowned for its strong mix of independent retailers, restaurants, cafés, and leisure facilities. It benefits from a substantial residential catchment and a thriving visitor economy. Albert Road serves as one of Southsea's principal thoroughfares and is a key commercial artery, linking the seafront with the wider Portsmouth area.

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 accommodation has the following approximate Net Internal Area (NIA):

Business Rates / Council Tax Band

Rateable Value (2023): £17,000.

Following the Government's latest budget, all occupied retail, hospitality & leisure properties receive a 40% discount from 1st April 2025 until 31st March 2026. Subject to annual cash cap of £110,000 per business and qualifying use.

EPC

We understand the property has an EPC rating of B-26.

Legal Fees

Each party to bear their own legal costs incurred.