Ground Floor, 44B High Street, 1070 Sq Ft
GROUND FLOOR LOCK-UP SHOP
The subject premises comprise of a ground floor lock up shop, set behind an aluminium shop frontage which currently has a sales area with rear kichenette and WC facilities. The accommodation benefits from being refurbished throughout, having prominent roadside frontage and rear access. Ancillary storage / offices are located on the first floor which is additional to the ground floor retail space. This is not currently demised within the current lease, but is to be included as part of any agreement. Further details available on request. The property also benefits from having a right to use the parking area to the rear for up to 5 cars.
Strictly by appointment with sole agents
Cosham town centre is located approximately 4 miles north of Portsmouth City Centre, close to Junction 27 of the M27 Motorway. 44b High Street is situated in a prominent position close to the junction with the pedestrianised area amongst national retailers including Boots, WHSmith, Costa Coffee and Thompson Travel Agents.
£13,400 per annum. The premises are held on a full reparing and insuring lease for the remainder of a 6 year term commencing on 14th November 2017 (expiring 2023), with a Tenant only break clause and rent review on the 14th November 2020. Available by way of an assignment or sublease to fall outside the provisions of the Landlord & Tenant Act 1954 Part II (subject to terms being agreed). Further details available on request.
Rateable value: £14,750. Uniform business rates payable for 2018-2019: £6,490 Source: voa.gov.uk You are advised to confirm the rates payable with the local council before making a commitment.
A service charge is payable to cover costs such as maintenance and repair of common parts landscaping management fees. Additionally building insurance is also payable. Each party to be responsible for their own legal costs incurred in the transaction. Unless stated, all prices and rents are quoted exclusive of VAT.