51 Albert Road, Southsea, Hampshire, PO5 2SF
Size
835
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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Key features
- Southsea is vibrant and well-established
- Albert Road is a diverse commercial thoroughfare
- Open plan retail space
- Ancillary: 29 sq ft
- Rent £16,500 pax
- New effectively FRI lease available
- Alternatively, the freehold interest is available subject to existing long leasehold of flat
- Guide price £175,000 stc
- Occupiers on Albert Road include The Kings Theatre Wine Vaults, Porters, Lord John Russell, Bored of Southsea and Gin and Olive
Description
The premises comprises a ground floor retail unit with ancillary, kitchenette and a WC to the rear. Additionally, there is small, private outdoor patio at the rear of the unit.
Location
Southsea is a vibrant and well-established coastal district situated within the city of Portsmouth, Hampshire.
Albert Road serves as one of Southsea's principal thoroughfares and is a key commercial artery, linking the seafront with the wider Portsmouth area. The road is characterised by a diverse range of occupiers including national operators, independent traders, and a lively evening and night-time economy, underpinned by several public houses, bars, and entertainment venues, including the well-known Kings Theatre.
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.
Tenancy Information
The ground floor retail unit is vacant.
The first floor flat, known formally as 51c Albert Road, was sold off on a long leasehold in October 2006 for a term of 125 years and paying a peppercorn rent.
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): £9,800
Occupiers will pay approximately 38% of this per annum.
EPC
We understand the property has an EPC rating of C (expiry date - 02/10/2035).
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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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
51 Albert Road, Southsea, Hampshire, PO5 2SF
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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