Description

The premises comprises a self-contained retail unit arranged over the ground floor. Internally, the unit provides a large open plan sales area, together with storage and a WC at the rear.

Externally, there is rear access that provides the opportunity for loading.

Location

The property is located within Cosham, which is a busy suburb of Portsmouth adjacent to the M27/A27. The subject property is located on Cosham's main high street within its pedestrianised zone, which serves as the suburb's main commercial thoroughfare.

The street is characterised by national and independent retailers with nearby occupiers including Greggs, Costa, Nationwide, JD Wetherspoon and Card Factory.

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

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

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

Business Rates / Council Tax Band

Rateable Value (2023): £36,250

Future Rateable Value (2026): £43,000

EPC

We understand the property has an EPC rating of B.

Legal Fees

Each party to bear their own legal costs incurred.