Description

The property comprises a two storey terrace building, originally arranged as a ground floor retail unit, and residential accommodation above. Externally, there is also a rear garden.

Location

The property is located in the busy and popular Southsea area within Portsmouth, on the northern side of Albert Road close to its junction with Francis Avenue.

Nearby occupiers include Tesco Express, Sainsbury's Local, Pad Thai Southsea and Age UK.

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): £7,000
Future Rateable Value (2023): £7,700

The occupier may be entitled to 100% Small Business Rate relief.

Council Tax Band: A

EPC

To be confirmed.

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.