The property is conveniently located adjacent the M275 at the entrance of Portsmouth's city centre. The M27 and A27, located approx 1 mile to the north, provide excellent access to the east, west and north via the A3(M).
Kingston Crescent is a recognised business location with a supply of popular office buildings benefiitting from excellent public transport links (bus and train (Portsmouth railway station approx. 1.5mile)). There is an excellent supply of convenience stores, cafes and other shops adjacent on Kingston Road. Commercial Road and the Cascades shopping precinct are approximately 1 mile to the south.
The property has been recently refurbished to a high standard. Each suite has the benefit of comfort cooling and front and rear full width glazing providing an excellent level of natural light.
2nd floor - 1,300 sq.ft
3rd floor - 1,300 sq.ft
4th floor - 1,300 sq.ft
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating - D84
Rateable Value 2nd Floor - £11,750
3rd Floor - £10,250
4th Floor - £11,250
The 2020/2021 standard multiplier is 0.499 (4.99p payable per £1). The 2020/2021 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Available by way of a new full repairing and insuring lease for a term to be agreed at £13,000 per annum, per floor exclusive of rates VAT (if applicable) and all other outgoings.
( Agency Pilot Software Ref: 7213 )