181 Albert Road, Southsea, Hampshire, PO4 0JT

Description

The property comprises a ground floor retail unit, with ancillary to the rear. The premises is currently undergoing a programme of refurbishment and will be finished to a white box with new ceiling, lighting and flooring throughout.

There is also a courtyard area.

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 (2026): £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.