City Centre Retail Unit
Sales Area 125 sq m (1,343 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 situated on the southern side of Arundel Street, which is one of the main shopping areas within the city. Nearby occupiers include Wild Recruitment, The Mobility Centre, Wilkinson's and Pure Gym.
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
There is a restrictive covenant on the property which only allows for A1/A2 uses.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Rents and prices are quoted exclusive of, but may be subject to VAT.
We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):
Description - Sq M (Sq Ft)
Retail - 125 sq m (1,343 sq ft)
Storage - 6.0 sq m (64 sq ft)
Total - 131.0 sq m (1,407 sq ft)
Business Rates / Council Tax Band
Rateable Value (2017): £23,250.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).
We understand the property has an EPC rating of D (78).
Each party to bear their own legal costs incurred.
The accommodation 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 £20,000 per annum exclusive.
( Agency Pilot Software Ref: 3951 )