To Let

Unit 1,
Exchange House,
12-124 London Road ,
Portsmouth,
Hampshire

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Retail and Leisure

971 - 1,559 Sq Ft (90.21 - 144.83 Sq M)

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Features
  • Established retail and residential location
  • Open plan floor space
  • Would suit a variety of uses (stp)
  • One rear parking space
  • First floor office 54.63 sqm (588 sq ft)
  • New FRI lease available
  • Rent £15,000 pax
  • Nearby occupiers include Coral, Cubitt & West, Tesco Express, Leaders & Porto Grill

Location

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 located on the eastern side of London Road, close to its junction with Stubbington Avenue in North End. The area is an established retail location and a densely populated suburb of Portsmouth. Nearby occupiers include Coral, Cubit & West, Tesco Express, Leaders and Porto Grill.

Description

Modern Retail Unit
Ground Floor Sales Area 90.21 sq m (971 sq ft)

Accommodation

The property comprises a two storey retail unit which provides open plan retail space on the ground floor, together with office, storage, kitchen and WC facilities on the first floor. Externally, there is one parking space.

We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):

Planning

We understand that the premises benefit from Class A1/ A2 use within the Use Classes Order 1987 (as amended).

VAT

We understand that the property is elected for VAT.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

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 £15,000 per annum exclusive.

Rateable Value / Council Tax Band

Rateable Value (2017): £14,250.

Following the Government's 2018 Autumn Budget, from April 2019 for the remaining 2 years of the current Rating List, all occupiers of retail units with a Rateable Value below £51,000 (including £50,500 but excluding £51,000), will receive a discount of 1/3 from their rates bill, subject to State Aid Limits (€200,000).

Energy Performance Rating

We understand the property has an EPC rating of D(93).

Viewing

For further information or to arrange a viewing, please contact Flude Commercial incorporating Garner Wood on 023 9262 9000 or via email to portsmouthproperties@flude.com.

Mary Jackson

023 9262 9012 Email