Fully Fitted Restaurant and Bar Total Size 140 sq m (1,508 sq ft)
The property is located in Portsmouth city centre and is situated on the eastern side of Spring Street, which leads into Cascades Shopping centre and is close to the pedestrianised shopping area of Commercial Road.
close to its junction with Commercial Road, which is one of the main shopping areas within the city.
Nearby occupiers include PRYZM nightclub, Travelodge, various student accommodation blocks and Portsmouth and Southsea train station.
We understand that the premises benefit from Class A3/A4 uses within the Use Classes Order 1987 (as amended).
The property benefits from a late Premises Licence until 3am. Further information available on request.
We understand the property is registered for VAT.
The accommodation comprises a ground floor restaurant / bar containing approximately 60 covers. To the front of the property are ladies' and gentlemen's WC's and to the rear is a fully fitted trade kitchen.
We understand the accommodation to have an approximate Gross Internal Area (GIA) of 140 sq m (1,508 sq ft).
Further space available at basement level, subject to terms.
Business Rates / Council Tax Band
Rateable Value (2017): £39,000.
We understand the property has an EPC rating of D(77).
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 £40,000 per annum exclusive.
The landlord will include the fixtures and fittings, subject to terms.