To Let
50 Osborne Road,
Southsea,
Hampshire,
PO5 3LT
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Retail, Food and Beverage, Suis Generis
681 Sq Ft (63.26 Sq M)
- Central location within Southsea
- Thriving retail and leisure destination
- Central corner position
- The property benefits from a premises licence, which is available upon request
- Late opening hours
- Rent £26,000 pax
- Suis generis bar use
- The occupier may be entitled to 100% Small Business Rate relief.
- One parking space
- Nearby occupiers include Waitrose, Queens Hotel, Southsea Coffee, Rapscallions and Rocka
Location
Osborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity including Waitrose, Queens Hotel, Southsea Coffee, Rapscallions and Rocka.
The property is situated on Osborne Road at its junction with Netley Road and a short walk away from the seafront.
Description
Prominent Corner-Facing Bar Unit
Total Area - 63.29 sq m (681 sq ft)
Accommodation
The property comprises a corner-facing ground floor retail unit. There is a mezzanine flooring which can be used as ancillary / office space.
The previous tenant fit out has been stripped out and the unit is in a shell condition.
The premises benefits from rear access and a car parking space.
We have measured and calculated the accommodation to have the following approximate Net Internal Area (NIA):
Description sq m sq ft
Total sales 31.09 335
Kitchen 12.63 136
Ancillary 4.53 49
Mezzanine 15.04 162
Total 63.29 681
Planning
The property benefits from a premises licence, which is available on request. A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO uses that were categorised under the former UCO as A4, A5 and some D2 uses (cinemas, concert halls, bingo halls and dance halls) are now regarded as a Sui Generis use. We therefore understand that the use of the subject premises is a Sui Generis use.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
The opening hours for the property are as follows:
Monday - Thursday: 12:00 - 01:30
Friday and Saturday: 12:00 - 02:30
Sunday: 12:00 - 00:30
Christmas Eve: 12:00 - 01:30
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Legal Fees
The prospective tenant will be required to contribute to the costs incurred in this transaction.
Terms
The property is available to let by way of a new (effectively) full repairing and insuring lease at a rent of £26,000 pa exclusive. Term to be agreed.
Rateable Value / Council Tax Band
Rateable Value (2023): £9,100
The occupier may be entitled to 100% Small Business Rate relief.
Energy Performance Rating
TBC.