76 Tangier Road, Portsmouth, Hampshire, PO3 6HU

Description

The property comprises a two-storey premises with additional attic accommodation.

At ground floor level, the accommodation is arranged to provide a self-contained retail unit, together with ancillary storage and a WC.

The upper parts are accessed via a separate ground floor entrance (formerly utilised as a kitchen, now adapted for storage). The maisonette accommodation is arranged to provide, at first floor, a bathroom, kitchen, lounge and one bedroom. The attic floor offers two further bedrooms.

Externally, to the rear, there is a small courtyard, together with a separate garage and a single parking space.

Location

Portsmouth is the second largest city in the county of Hampshire and is the second most densely populated city in the UK, after Inner London. It is located approximately 66 miles south west of Central London, 53 miles west of Brighton and 20 miles east of Southampton.

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 situated on the southern side of Tangier Road, which is a through road to Milton and Copnor road. Tangier road is a busy and densely populated retail location in Portsmouth.

Planning

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

Tenancy Information

The ground floor is let on a 5 year rolling lease from October 2024, at a rent of £9,000 per annum.

The maisonette is let on a rolling tenancy, at a rent of £10,560 per annum.

Total rent £19,560 pax.

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

We understand the property to have the following taxation:

Address: 76 Tangier Road, Portsmouth PO3 6HU
Description: Shop and Premises
Rateable Value (2023): £6,200

Address: 76 Tangier Road, Portsmouth PO3 6HU
Council Tax Band: A

EPC

We understand the property to have the following EPC ratings:

Shop - B - 42
Maisonette - D - 58

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.