Well Presented Restaurant Premises
Total GIA 70.60 sq m (760 sq ft)
Osborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity including Waitrose, Toni & Guy, The Marmion public house and Catalan Barcelona Tapas.
The property is situated on the southern side of Marmion Road, close to its junction with Fontwell Road.
We understand that the premises benefit from Class A3 use within the Use Classes Order 1987 (as amended).
The occupier also benefits from a Premises Licence for the sale of alcohol.
We understand that the property is not elected for VAT.
The property comprises ground floor retail unit which is currently configured as a restaurant providing 36 covers, a bar area, WCs, storage and fully fitted kitchen. The premises benefit from a yard and access via the rear.
Business Rates / Council Tax Band
Rateable Value (2017): £13,250. Small business rate relief possible.
We understand the property has an EPC rating of D (79).
Each party to bear their own legal costs incurred.
The premises is available by way of an assignment of the existing effectively full repairing and insuring lease, which due to expire on xxxxx. The passing rent is £??? per annum exclusive. A copy of the lease can be made available upon request.
A premium is required for thh goodwill and fixtures and fittings. Further information on request.
( Agency Pilot Software Ref: 3521 )