City Centre Retail Unit
Sales Area 94.50 sq m (1,017 sq ft)
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 Commercial Road, which is one of the main shopping areas within the city. Nearby occupiers include Santander Building Society, The Works, Natwest, Greggs, CEX and Iceland.
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 inquiries and satisfy themselves in this regard.
We understand the property is registered for VAT.
The building is Grade II listed with the accommodation arranged over two floors, plus a basement. Internally, the ground floor provides open plan retail space, together with storage/office space, a kitchen and WCs on the first floor.
There is rear loading and parking.
We understand the accommodation to have the following approximate floor areas:
Ground Floor Sales Area - 94.50 sq m (1,017 sq ft)
First Floor - 94.50 sq m (1,017 sq ft)
Total - 189.00 sq m (2,034 sq ft)
Business Rates / Council Tax Band
Rateable Value (2021): 33,750.
Each party to bear their own legal costs incurred.
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 29,000 per annum exclusive.