To Let
25 London Road,
Portsmouth,
Hampshire,
PO2 0BQ
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Retail, Food and Beverage
1,721 of 3,462 Sq Ft (159.88 of 321.62 Sq M)
- Portsmouth is a major south coast city
- Well-established retail destination within a densely populated suburban district
- Located a short distance from M27/A27
- Public car parking nearby
- Well fitted and open plan sales area
- Rear access for loading and servicing
- Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
- Rent £35,000 pax
- New FRI lease available
- Nearby occupiers include Lidl, Iceland, Savers, Costa, Superdrug and Greggs
Location
Portsmouth is a major south coast city. The subject property is situated on the eastern side of London Road, in the North End area of Portsmouth. This is a well-established retail destination within a densely populated suburban district.
Description
The property comprises a mainly single storey mid-terraced building, with part first floor.
Internally, the ground floor provides mainly open plan retail accommodation, with office/storage areas, a staff kitchen, and WCs on the rear. The first floor provides further storage.
Externally, to the rear there is a hardstanding area for loading and servicing, accessed via a main road.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M | Status |
|---|---|---|---|
| Sales Area | 1721 | 159.88 | To Let |
| Ground Floor Ancillary | 1655 | 153.75 | To Let |
| First Floor | 86 | 7.99 | To Let |
| Total | 3,462 | 321.62 |
Energy Performance Rating
We understand the property has an EPC rating of D (01 August 2027).
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): £27,500
Occupiers will pay approximately 38% of this per annum.
Covenant
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 £35,000 per annum exclusive.
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.