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40-42 Palmerston Road, Southsea, Hampshire, PO5 3QH

POA
Creative Retail, Birmingham
SIZE AVAILABLE

4,547 sq ft

422 sq m

SECTOR

High street retail property to lease

Lease details

Lease available date:
Ask agent
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Description

Description

Unit 40-42 is a well-positioned retail space located in a prominent shopping area in Southsea. Located next to a former department store building, which is currently being converted to a mixed use scheme with commercial space at ground floor level and 134 residential apartments over the upper floors.

Surrounded by a mix of national brands and independent retailers, the unit benefits from strong footfall and excellent visibility, making it ideal for a wide range of retail uses.

The surrounding area is home to a vibrant mix of national and independent occupiers, including Specsavers, Costa Coffee, Waitrose, Boots, WH Smiths, and Tesco Express, contributing to a dynamic and well-supported retail environment.

EPC

EPC rating C. Further information available upon request.

Service Charge Information

Service Charge: £2,000 per annum.

Legal Costs

Each party is responsible for their own legal costs.

Brochures

40-42 Palmerston Road, Southsea, Hampshire, PO5 3QH

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Portsmouth & Southsea Station0.9 miles
  • Fratton Station1.0 miles
  • Portsmouth Harbour Station1.1 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 455LH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Creative Retail, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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