To Let
47 Osborne Road,
Southsea,
Hampshire,
PO5 3LS
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Retail, Food and Beverage, Offices
1,189 - 2,702 Sq Ft (110.46 - 251.02 Sq M)
- Central location within Southsea
- Thriving retail and leisure destination
- Ground floor open plan sales area
- Seperate offices/ancillary areas
- The occupier may be entitled to 100% Small Business Rate relief
- New FRI lease available
- Rent £45,000 pa
- Occupiers in the vicinity including 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.
Description
The property comprises a prominent two-storey corner Class E premises.
The ground floor provides predominantly open-plan accommodation, together with a number of partitioned offices and meeting rooms, principally formed using stud partitioning. To the rear are WCs and staff facilities.
The first floor benefits from independent access and provides a large open-plan office area, together with a separate meeting room, store room, WC, staff facilities and kitchen accommodation.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M | Status |
|---|---|---|---|
| Sales Area | 1189 | 110.46 | To Let |
| Ancillary | 587 | 54.53 | To Let |
| First Floor | 927 | 86.12 | To Let |
| Total | 2,703 | 251.11 |
Energy Performance Rating
We understand the property has an EPC rating of C (expiry date - 10/02/2026).
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.
Taxation
Rateable Value (2026): £13,000
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 £45,000 per annum exclusive.
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.
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.