3a Powerscourt Road, Portsmouth, Hampshire, PO2 7JD

Description

The subject property comprises a semi-detached, single-storey building that occupies a corner position on Powerscourt Road and Basin Street. The property comprises a large open-plan meeting hall with an extension to the rear serving as ancillary accommodation with a small kitchen and two WC's.

Location

The property is situated on the northern side of Powerscourt Road, near its junction with Basin Street. Kingston Road, a busy A road that runs North to South through Portsmouth, lays adjacent at the western end of Powerscourt Road.

The area is of a mixed residential and commercial profile and includes a variety of independent occupiers with some national retailers, largely consisting of restaurants, supermarkets, convenience stores, services and places of worship. Occupiers within walking distance of the subject property include Aldi, Kwiki Mart, Chinese Tea, China Health Massage, H&T Pawnbrokers and Mobile World.

Planning

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 Gross Internal Area (GIA):

Business Rates / Council Tax Band

We understand the property has the following Rateable Value (2023): £11,250

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.

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.