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12-124 London Road ,
Retail and Leisure
971 - 1,559 Sq Ft (90.21 - 144.83 Sq M)
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.
Modern Retail Unit
Ground Floor Sales Area 90.21 sq m (971 sq ft)
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):
We understand that the premises benefit from Class A1/ A2 use within the Use Classes Order 1987 (as amended).
We understand that the property is elected for VAT.
Each party to bear their own legal costs incurred.
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).
For further information or to arrange a viewing, please contact Flude Commercial incorporating Garner Wood on 023 9262 9000 or via email to firstname.lastname@example.org.