Description
Mixed Use Freehold
Total Size 83.54 sq m (899 sq ft)
Location
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 far end of Arundel Street, at the crossroads with Fratton Road. Fratton Road is an established retail location and a densely populated suburb of Portsmouth. Fratton Train station is approximately a five minute walk away. Nearby occupiers include Asda, Farmfoods, Kwiki-Mart and Wetherspoons.
Planning
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.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Accommodation
The premises comprises a ground floor retail unit located on the southern side of Arundel Street at its junction with Fratton Road. Internally, the accommodation is laid out as a Ground Floor retail unit, currently used as a Butchers, with walk in fridge, sales counter, storage and preparation area.
The first floor flat is accessed internally and comprises of one bedroom, a kitchen, bathroom and living room area.
Externally, there is a small garden to the area with storage shed, which is accessed via the building.
We have measured and calculate the premises to have the following approximate Net Internal Area (NIA):
Area -Sq M - Sq Ft
GF Sales Area - 28.37 - 305
GF Storage/Kitchen - 18.75 - 202
FF Flat (GIA) - 36.42 - 392
Total Area - 83.54 - 899
Business Rates / Council Tax Band
Rateable Value (2017): £4,750.
Future Rateable Value (2021): £4,150.
The occupier may be entitled to 100% Small Business Rate relief. Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).
EPC
We understand the property has an EPC rating of D.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
We have been instructed to market the property with vacant possession and invite offers for the freehold interest subject to contract. ( Agency Pilot Software ref: 4092 )
