135-137 Eastney Road, Southsea, Hampshire, PO4 8DZ

Description

The premises comprise a substantial ground floor retail unit benefiting from a prominent double frontage and secured by an electric roller shutter. Internally, the accommodation is arranged predominantly as open-plan retail space, with a single WC facility located to the rear.
Externally, the property benefits from rear servicing, facilitating deliveries and loading away from the customer frontage.

Location

The property is situated on Eastney Road in South Portsmouth, a well-established local thoroughfare connecting the residential areas of Eastney and Milton. The location benefits from strong local footfall and good accessibility, being in close proximity to major arterial routes including the Eastern Road (A2030) and the M27 motorway network.

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.

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): £14,000.

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 C.

Legal Fees

The tenant will be responsible for their own legal costs and a contribution to the landlords legal fees will be required of £1,250 plus VAT.