To Let
197 Albert Road,
Southsea,
Hampshire,
PO4
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Retail, Food and Beverage, Leisure (Class D1, D2 and Other), Offices
304 Sq Ft (28.24 Sq M)
- Central location within Southsea
- Busy and popular retail location
- 100% business rate relief possible
- New EFRI lease available
- Rent £1,000 pcm
- Not suitable for food
- Class E unit perfect for beauty, nails, barber, or any other kiosk use
- Nearby occupiers include Tesco Express, Sainsbury's Local, Pad Thai Southsea and Age UK
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 located in the busy and popular Southsea area within Portsmouth, on the northern side of Albert Road close to its junction with Francis Avenue.
Nearby occupiers include Tesco Express, Sainsbury's Local, Pad Thai Southsea and Age UK.
Description
Lock-Up Shop
Total NIA 28.24 sq m (304 sq ft)
Accommodation
The accommodation comprises a ground floor lock up shop.
Total NIA 28.24 sq m (304 sq ft).
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.
Legal Fees
The tenant will be responsible for their own legal costs and a contribution to the landlords legal fees will be required of £1,250 plus VAT.
Terms
The property is available to let by way of a new (effectively) full repairing and insuring lease for a term of 10 year leases with a five year break option and open market rent review (upward only) at a commencing rent of £1,000 per month. The landlord requires a six month rent deposit and personal guarantor.
Rateable Value / Council Tax Band
Rateable Value (2023): £4,900.
The occupier may be entitled to 100% Small Business Rate relief.
Energy Performance Rating
To be confirmed.