36-38 Palmerston Road, Southsea, Portsmouth PO5 3QH
Size
5,238
Tenure
Leasehold
EPC
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Parking
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- Primary use
- Restaurant
No floor / site plan
Key features
- Mid terrace high street unit arranged over ground and first floor
- Currently trading as a restaurant and is situated within an attractive retail parade
- The unit has recessed frontage allowing for an outside customer seating area
- The residential accommodation above is sold off long leasehold to Portsmouth Council
Description
* Southsea is an affluent suburb of Portsmouth and a popular coastal resort.
* The property is situated in a central and prominent location on Palmerston Road, the town's main retail thoroughfare.
* Nearby occupiers include Waitrose, Specsavers, Boots, Tesco, Costa and Lloyds Bank.
* Let to Loungers UK Limited on a fifteen-year lease from 18/03/2019 and expiring 17/03/2034, subject to upwards only rent reviews every five years.
* Passing rent of £75,000 per annum.
* Attractive unexpired lease term of 9 years.
Price
Upon application.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 2
- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
36-38 Palmerston Road, Southsea, Portsmouth PO5 3QH
About CBRE Limited (Bristol), CBRE Bristol - Industrial
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Disclaimer - Property reference 36PalmerstonRoadSouthseaPortsmouthPO53QH. 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 CBRE Limited (Bristol), CBRE Bristol - Industrial. 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.