The property located in North End, which is an established retail location and a densely populated suburb of Portsmouth. The unit is situated on the eastern side of Kingston Road.
Nearby occupiers include Aldi, Andrew and Andrew solicitors, Kubus Polish Shop, Papa John,s and Lalys Pharmacy.
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 is arranged as a self-contained retail unit providing open plan sales area with storage, kitchen and WC. We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):
Sales Area 48.15 sq m (518 sq ft) Ancillary 14.15 sq m (152 sq ft) Total 62.30 sq m (671 sq ft)
Gross frontage 4.94 m Net frontage 3.92 m
Business Rates / Council Tax Band
Rateable Value (2017): £9,100.
As the RV is below £12,000 we believe 100% small business rate relief is possible.
To be confirmed.
Each party to bear their own legal costs incurred.
The property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £13,500 per annum exclusive. ( Agency Pilot Software Ref: 3482 )