{"loaderData":{"0-3":{"propertyListing":{"building":{"id":"760560267017808","summary":"The property comprises a three-storey mid-terrace mixed-use building of traditional construction beneath pitched and flat roofs.\n\nThe ground floor provides a retail unit arranged to offer a predominantly open-plan sales area to the front, together with a rear office, ancillary storage, kitchen and WC facilities. To the rear there is a small enclosed courtyard; however, there is no separate rear access.\n\nThe shop frontage is timber-framed incorporating glazed display windows and entrance door. The upper floors are fitted with uPVC double glazed windows.\n\nThe upper parts comprise a six-bedroom HMO arranged over the first and second floors, which has been sold off on a long leasehold interest and does not form part of the subject demise.","archived":false,"description":"Description

The property comprises a three-storey mid-terrace mixed-use building of traditional construction beneath pitched and flat roofs.

The ground floor provides a retail unit arranged to offer a predominantly open-plan sales area to the front, together with a rear office, ancillary storage, kitchen and WC facilities. To the rear there is a small enclosed courtyard; however, there is no separate rear access.

The shop frontage is timber-framed incorporating glazed display windows and entrance door. The upper floors are fitted with uPVC double glazed windows.

The upper parts comprise a six-bedroom HMO arranged over the first and second floors, which has been sold off on a long leasehold interest and does not form part of the subject demise.

Location

Southsea is a vibrant and well-established coastal district situated within the city of Portsmouth, Hampshire. Renowned for its strong mix of independent retailers, restaurants, cafés, and leisure facilities, Southsea benefits from a substantial residential catchment and a thriving visitor economy, particularly during the summer months.

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

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

Tenancy Information

The property is let by way of a 10-year lease commencing 01 April 2025, contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954, on effectively full repairing and insuring terms. The lease is granted with tenant break option in 2028 on six months notice. The current passing rent is £14,000 per annum exclusive, subject to upward-only CPI-linked rent reviews at three-yearly intervals.

102a above is sold on a long lease expiring September 2143 paying a rent of £150 per annum and is subjected to rent reviews every 25 years.

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): £8,600

EPC

We understand the property has an EPC rating of E (expiry date - 03.02.35).

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.","disclaimer":{"raw":"Disclaimer - Property reference 8889FH. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by FLUDE GROUP LTD, Portsmouth. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Southsea is a vibrant and well-established coastal district situated within the city of Portsmouth","Albert Road serves as one of Southsea's principal thoroughfares","Large ground floor retail unit","Passing rent £14,000 pax","Guide price £185,000 stc","A purchase at this level would reflect a NIY of 7.29%","No VAT","Virtual Tour:"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":185000,"displayQualifier":"OFFERS_IN_REGION_OF","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":null,"tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/e0e4a9e28/760560267017808/e0e4a9e28e0ebb70c624b0163660456e.pdf","description":"8889 - Southsea"}],"photos":[{"uri":"property-photo/732cab4a8/760560267017808/732cab4a8ffb39e18bdbe105adfe7d00.jpeg","description":"Photo 21"},{"uri":"property-photo/104f18fd3/760560267017808/104f18fd3962531c924a9cb997e07dea.jpeg","description":"Photo 22"},{"uri":"property-photo/55086c7b2/760560267017808/55086c7b2601cf62d448fa675e4fdd4c.jpeg","description":"Photo 23"},{"uri":"property-photo/1f01aefc8/760560267017808/1f01aefc8443c5d9f20567a857a18caf.jpeg","description":"Photo 24"},{"uri":"property-photo/275815acf/760560267017808/275815acff6fe87a7beac263c47b8f5b.jpeg","description":"Photo 25"},{"uri":"property-photo/53d198bba/760560267017808/53d198bba498f43c970f510d2d9903e1.jpeg","description":"Photo 26"},{"uri":"property-photo/f46753283/760560267017808/f46753283b3918882e4f89c6d959d7e5.jpeg","description":"Photo 27"},{"uri":"property-photo/74daf1508/760560267017808/74daf150807e3697984047e19a4afbe3.jpeg","description":"Photo 28"},{"uri":"property-photo/7638b78bc/760560267017808/7638b78bc8de4a535f72a253186036e3.jpeg","description":"Photo 29"},{"uri":"property-photo/2637c935f/760560267017808/2637c935f217108423e1f4c6e61044ef.jpeg","description":"Photo 30"},{"uri":"property-photo/8cfee05cc/760560267017808/8cfee05cc492c629218ba5058703475f.jpeg","description":"Photo 31"},{"uri":"property-photo/b125d21a6/760560267017808/b125d21a6c36b02e8c149e0c3fa1bf91.jpeg","description":"Photo 32"},{"uri":"property-photo/e323d0abc/760560267017808/e323d0abc2e6ceb566a3da9026737a3c.jpeg","description":"Photo 33"}],"floorPlans":[{"uri":"property-floorplan/e61b1e884/760560267017808/e61b1e8846f88b3762ed3b970f190768.png","description":"102AlbertRoad"},{"uri":"property-floorplan/949332d21/760560267017808/949332d21b1044ac348bb18c23810396.png","description":"102aAlbertRoad"}],"virtualTours":[],"videoTours":[{"uri":"https://youtu.be/SCq-aGm6dZE","description":""}],"epcs":[],"epcGraphs":[]},"sizing":{"unit":"SQFT","size":815,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"102 Albert Road, Southsea, Hampshire, PO5 2SN","showMap":true,"postcode":{"incode":"2SN","outcode":"PO5"},"streetView":null,"latitude":50.786606,"longitude":-1.077452},"nearestStations":[{"distance":0.683768358869064,"name":"Fratton Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":0.9954725772880618,"name":"Portsmouth & Southsea Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":1.4918282686776272,"name":"Portsmouth Harbour Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"FLUDE GROUP LTD, Portsmouth","email":null,"profileUrl":"/estate-agents/agent/Flude-Property-Consultants/Portsmouth-205205.html","logo":"/partner-logo/22153946-LOGO-1765967322.png","id":205205,"description":"

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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