46 Osborne Road, Southsea, Hampshire, PO5 3LT

Description

The accommodation comprises a self-contained restaurant premises arranged over ground floor and basement levels. Internally, the property provides seating for approximately 50 covers and includes a serving bar, fully fitted kitchen, food preparation areas and customer WCs. The basement offers ancillary storage accommodation.

The unit is currently operated as a successful, horror-themed classic cocktail bar and restaurant. While the existing occupier is not offering the business for sale, they would be prepared to assign the established branding, website and forward bookings, providing immediate trading continuity. The operation benefits from a 4-star food hygiene rating and a strong digital presence, with in excess of 5,000 Instagram followers.

Location

Osborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity including Waitrose, Queens Hotel, Southsea Coffee, Wannops and Agarve's Grill.

The property is situated on the southern side of Osborne Road, close to its junction with Netley Road and a short walk away from the seafront.

Planning

We understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

The property benefits from a premises licence, which is available on request.


VAT

We understand that the property is not elected for VAT.

Accommodation

We have measured and calculated the accommodation to have the following approximate Gross Internal Area (GIA):


Business Rates / Council Tax Band

Rateable Value (2026): £13,250.

EPC

We understand the property has an EPC rating of C (52).

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.

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.