To Let
5 Crown Buildings,
15 High Street,
Cosham,
Portsmouth,
Hampshire,
PO6 3BU
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Retail, Food and Beverage
553 Sq Ft (51.37 Sq M)
- Fully pedestrianised High Street position
- Open-plan retail accommodation
- Security shutter installed
- One allocated parking space
- £12,500 per annum
- Nearby occupiers include Tesco, Superdrug, Costa Coffee and Barnardo's, together with a variety of other town centre retailers and service providers
- Suitable for a variety of retail and commercial uses, subject to any necessary consents and lease provisions
- 100% small business rate relief eligible
Location
The property occupies a prominent position on High Street, Cosham, forming part of Cosham's established district retail centre serving the north Portsmouth catchment. The High Street represents the principal commercial thoroughfare within the centre and benefits from consistent local pedestrian activity together with strong connectivity to the A3(M).
Description
The property comprises a self-contained ground floor retail unit providing predominantly open-plan sales accommodation. The unit benefits from a glazed shop frontage together with an external security shutter.
To the rear of the property there is a separate WC facility. Externally, the tenant will benefit from one allocated parking space within the car park located behind the property.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M | Status |
|---|---|---|---|
| Sales Area | 485 | 45.06 | To Let |
| Ancillary | 68 | 6.32 | To Let |
| Total | 553 | 51.38 |
Energy Performance Rating
We understand the property has an EPC rating of B-42 (expiry date - 29 March 2036).
Planning
The current planning use is sui generis; however, the landlord intends to submit an application to change the use to Class E.
Taxation
Rateable Value (2026): £9,200
100% small business rate relief eligible.
Terms
The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £12,500 per annum exclusive.
The property does not have its own electricity meter. The landlord will therefore charge the tenant £200 per calendar month inclusive of the rent to cover electricity costs.
VAT
We understand the property is registered 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.