Unit 25b, Cascades Shopping Centre, Portsmouth, Hampshire, PO1 4RJ

Description

The subject property comprises a ground floor retail unit providing open-plan sales accommodation, with ancillary storage, kitchen and WC facilities located at first floor level, separately accessed from the main trading area. The premises benefit from a goods lift together with access to the rear service deck for loading and servicing purposes.

Location

The Cascades Shopping Centre is the predominant and well managed shopping centre in the City Centre, anchored by Primark, H&M, Next and Sports Direct. On average the centre receives 130,000 visitors per week and is serviced by in excess of 1,000 adjacent car parking spaces.

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 the property is registered for VAT.

Accommodation

The accommodation has the following approximate floor areas:

Business Rates / Council Tax Band

Rateable Value: £20,250

EPC

We understand the property has an EPC rating of C.

Legal Fees

Each party to bear their own legal costs incurred.