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46 Osborne Road,

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Retail and Leisure

1,280 - 2,189 Sq Ft (118.91 - 203.36 Sq M)

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  • Central location within Southsea
  • Thriving retail and leisure destination
  • Kitchen and preparation area
  • New FRI lease available
  • Rent £35,000 pax
  • Premium sought for fixtures and fittings
  • No VAT
  • Waitrose, Queens Hotel, Southsea Coffee, Wannops and Agarve's Grill


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, Wannops and Agarve's Grill.

The property is situated on the southern side of Osborne Road, close to its junction with Netley Road and a short walk away from the seafront.


Fully Fitted Restaurant Premises
GIA 203.34 sq m (2,189 sq ft)


The property comprises a ground floor fully fitted restaurant premises providing around 50 covers, serving bar, kitchen, preparation area and WCs. There is also basement storage.

We have measured and calculated the accommodation to have the following approximate Gross Internal Area (GIA):

Description sq m sq ft
Restaurant 118.91 1,280
Kitchen 36.89 397
Basement 47.54 512
Total GIA 203.34 2,189


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 enquiries and satisfy themselves in this regard.

The property benefits from a premises licence, which is available on request.


We understand that the property is not elected for VAT.

Legal Fees

A contribution to the landlords legal fees will be required of £1,250 plus VAT.


The property is available to let by way of a new (effectively) full repairing and insuring lease for a term of 10 year leases with a five year break option and open market rent review (upward only) at a commencing rent of £35,000 per annum exclusive. The landlord requires a six month rent deposit and personal guarantor.

There is also a premium for the fixtures and fittings. Further information on request.

Rateable Value / Council Tax Band

Rateable Value (2017): £10,750.
Future Rateable Value (2023): £12,000.

The occupier may be entitled to 100% Small Business Rate relief. Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (

Energy Performance Rating

We understand the property has an EPC rating of C (52).

Alice Masterman

023 9262 9006 Email