Unit 25b, Cascades Shopping Centre, Portsmouth, Hampshire, PO1 4RJ
Size
531 - 776
Lease length
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EPC
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Parking
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- Price per
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- Primary use
- High street retail
- Other use(s)
- Healthcare, High street retail
- Frontage
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Key features
- Predominant shopping centre in Portsmouth City Centre anchored by Primark, H&M, Next and Sports Direct
- Serviced by in excess of 1,000 adjacent car parking spaces
- 28,280 students at University of Portsmouth
- Footfall 8 million per annum (last 12 months)
- EFRI lease available
- First floor stroage - 245 sq ft
- Rent £16,750 pax
- Other occupiers in the centre include Starbucks, Lush, TK Max, New Look and Primark
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.
- Let type
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- Let contract length
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- Status
- Available
- Service charge
- £10,208
- Business rates
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- Use class
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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
Unit 25b, Cascades Shopping Centre, Portsmouth, Hampshire, PO1 4RJ
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 8160LH. 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.