Under Offer
Unit 1,
22 Middle Street,
Portsmouth,
PO5 4BG
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Retail, Food and Beverage, Leisure (Class D1, D2 and Other), Offices
1,708 Sq Ft (158.67 Sq M)
- Centrally located in Portsmouth
- Student and Public amenities nearby
- Close to University campus and halls of residence
- Open plan space with corner frontage
- Three phase power
- Potential to split
- Ample public car parking nearby
- Close to Portsmouth and Southsea Station
- Rent £25,000 pax
- Nearby occupiers include Outside-In Food Court and local Guildhall Walk amenities
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.
This property is located centrally in Portsmouth, close to Guildhall Walk, Commercial Road, Cascades Shopping Centre, Gunwharf Quays and Portsmouth University.
Description
Centrally Located Retail Premises
Total Size - 158.66 sq m (1,708 sq ft)
Accommodation
The property is located on the junction of Middle Street and Melborne Place, occupying a prominent corner position. Internally, the space is open plan with two W/Cs and kitchenette. The unit benefits from high ceilings, suspended lighting, concrete flooring and three-phase power. There is side access for bins and deliveries. There is ample public car parking situated nearby.
The accommodation has an approximate Net Internal Area (NIA) of 158.66 sq m (1,708 sq ft)
There is potential to split the unit into two individual units. Please enquire if this is of interest.
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.
This premise falls under A1/B1 use. 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.
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 £25,000 per annum.
There is a service charge for the building.
Rateable Value / Council Tax Band
Rateable Value (2023): £17,500.
Currently, all occupied retail, hospitality & leisure properties receive a discount of 75% on rates payable until 31st March 2024.
Subject to annual cash cap of £110,000 per business and qualifying use. Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
Energy Performance Rating
We understand the property has an EPC rating of A.