Retail Unit in Residential Area Total Size 109.69 sq m (1,181 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 southern side of Leith Avenue, within an established retail parade located in the densely populated residential suburb of Paulsgrove. Nearby occupiers include Premier, Anatolia Turkish Kitchen, Bianca's Barber Shop and One Stop.
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
We understand that the property is not elected for VAT.
Accommodation
The property comprises a substantial ground floor retail unit with sales area and stud partitioned rooms to the rear. The premises was formally used as an opticians and could suit a similar use.
Fixtures and fittings can be negotiated depending on the occupiers needs.
Externally, there is one parking space.
We have measured and calculated the accommodation to have the following approximate Net Internal Area (NIA): 109.69 sq m (1,181 sq ft)
Business Rates / Council Tax Band
Rateable Value (2023): £11,500
The occupier may be entitled to 100% Small Business Rate relief.
EPC
We understand the property has an EPC rating of C (57).
Legal Fees
Each party to bear their own legal costs incurred.
Terms
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 £15,500 per annum exclusive.
There is a service charge of approximately £1,160 per annum and building insurance is £162.24 plus VAT per annum.
The owner may sell. Any enquiries regarding a sale, please contact the Agent. ( Agency Pilot Software ref: 5766 )
