Under Offer
29 Copnor Road,
Portsmouth,
Hampshire,
PO3 5AB
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Retail, Food and Beverage, Industrial and Warehouse, Leisure (Class D1, D2 and Other), Offices
346 - 959 Sq Ft (32.14 - 89.09 Sq M)
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 western side of Copnor Road, on the northern corner of its junction with New Road. The area is a densely populated suburb of Portsmouth, together with a number of commercial occupiers nearby.
Description
Corner Class E Premises with Large Storage Space & Parking
Total NIA 89.14 sq m (959 sq ft)
Accommodation
The property comprises of a ground floor corner retail shop with office space and W/C.
There is a large workshop to the rear accessed off New Road. This comes with a yard area that could be used for parking.
The yard is accessed off a dropped kerb.
The shop and the workshop/yard can be rented together or separately and both have separate accesses or could be joined together.
We have measured the property to have the following areas:
Description sq m sq ft
Sales Area 32.14 346
Office 13.19 142
Rear store 43.80 471
Total 89.14 959
Yard 32.52 350
Energy Performance Rating
We understand the property has an EPC rating of C (74).
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.
Taxation
Rateable Value (2023): £5,100.
The occupier may be entitled to 100% Small Business Rate relief.
Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
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 rent of £16,000 per annum.
There is the option to rent each area separately. Please enquire with the Agent.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.