Unit 6 Cascades Shopping Centre, Commercial Road, Portsmouth, Hampshire, PO1 4RL
£26.38 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,990-2,951 sq ft
185-274 sq m
- SECTOR
High street retail property to lease
Lease details
- Lease available date:
- Ask agent
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 8.2 million per annum (last 12 months)
- New leases available
- Rent £52,500 pax
- Other occupiers in the centre include H&M, Starbucks, Lush, TK Max, New Look, Next and Primark
Description
The subject property comprises a self-contained retail unit arranged over two floors. The ground floor provides an open-plan retail trading area, whilst the upper floors offer ancillary accommodation, including storage and staff welfare facilities.
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 8m visitors per annum 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 Net Internal Area (NIA):
Business Rates / Council Tax Band
Rateable Value (2026): £36,500
Occupiers will pay approximately 38% of this per annum.
EPC
We understand the property has an EPC rating of C.
Legal Fees
Each party to bear their own legal costs incurred.
Brochures
Unit 6 Cascades Shopping Centre, Commercial Road, Portsmouth, Hampshire, PO1 4RL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Portsmouth & Southsea Station0.2 miles
- Portsmouth Harbour Station0.7 miles
- Fratton Station0.9 miles
About Flude Property Consultants, Portsmouth
Regus, 1000 Lakeside North Harbour, Western Road, Portsmouth, PO6 3ENNotes
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