2-4 Palmerston Road, Southsea, Hampshire, PO5 3QH
Size
1,949 - 2,121
Tenure
Leasehold
EPC
Parking
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- Primary use
- High street retail
- Other use(s)
- Healthcare, High street retail, Restaurant, High street retail, Other
- Frontage
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Key features
- Prime retailing position in Southsea
- Situated on a busy busy pedestrianised High Street
- Thriving retail and leisure destination
- Public car parking nearby
- Open plan retail space
- New lease available
- Rent £40,000 pax or seeking offers in excess of £580,000 STC
- The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity
- Occupiers include Specsavers, Costa, Waitrose, Boots, WH Smiths, Tesco Express and New Look
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Description
The property comprises a prominent corner ground floor retail unit with a WC and ancillary accommodation to the rear.
Location
The property is situated in the heart of Southsea in a prime retailing position on the western side of Palmerston Road, which is fully pedestrianised. Palmerston Road, Osborne 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 Specsavers, Costa, Waitrose, Boots, WH Smiths, Tesco Express and New Look.
The area benefits from a number of car parks nearby and on street parking available on various nearby streets, which makes it easy for shoppers.
Planning
We understand that the premises benefit from a Class A2 use under the Town & Country Planning (Use Classes) Order 1987, as amended.
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.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
We understand the property is registered for VAT.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
Business Rates / Council Tax Band
Rateable Value (2026): £40,750
Occupiers will pay approximately 38% of this per annum.
EPC
We understand the property has an EPC rating of D.
Legal Fees
Each party to bear their own legal costs incurred.
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.
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
2-4 Palmerston Road, Southsea, Hampshire, PO5 3QH
About FLUDE GROUP LTD, Portsmouth
Flude Property Consultants is a regional independent firm of Chartered Surveyors regulated by the Royal Institution of Chartered Surveyors (RICS) who specialise in advising clients with commercial property interests.
Our main areas of expertise are commercial property agency, lease advisory (rent reviews, lease renewals and lease re-gears), property management, valuation, rating, investment and development property.
We are a commercially minded practice who understand the needs and pressures of business.
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Disclaimer - Property reference 6850FH. 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 FLUDE GROUP LTD, Portsmouth. 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.