Large Retail Unit
Total Size 390 sq m (4,198 sq ft)
Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.
The property is located in Cosham, which is a busy suburb of Portsmouth. Nearby occupiers include Peacocks, Boots, Dominos, Specsavers, Natwest and WHSmith.
We understand that the premises benefit from Class A1 use within the Use Classes Order 1987 (as amended).
We understand that the property is not elected for VAT.
The accommodation comprises a ground floor retail unit with a kitchen and WC facilities. To the rear is a cover loading area and parking.
We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):
Total Size - 390 sq m (4,198 sq ft)
Gross frontage - 11.54 m
Net frontage - 10.00 m
Business Rates / Council Tax Band
Rateable Value (2017): £31,500.
*Following the Government's 2018 Autumn Budget, from April 2019 for the remaining 2 years of the current Rating List, all occupiers of retail units with a Rateable Value below £51,000 (including £50,500 but excluding £51,000), will receive a discount of 1/3 from their rates bill, subject to State Aid Limits (�200,000).
We understand the property has an EPC rating of C(75).
Each party to bear their own legal costs incurred.
The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £35,000 per annum exclusive.
( Agency Pilot Software Ref: 3434 )