To Let
Former Drill Hall,
Stanhope Road,
Portsmouth,
Hampshire,
PO1 1DS
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Retail and Leisure
7,099 Sq Ft (659.5 Sq M)
- Central position close to public car parks, bus and rail stations
- Large student population within area
- Mainly open plan unit
- Ground floor 571.50 sq m (6,152 sq ft)
- New FRI lease available
- Rent on application
- Nearby occupiers include PRYZM nightclub, Travelodge, Sainsbury's, various student accommodation blocks and Portsmouth and Southsea train station
Location
The property is located in Portsmouth city centre and is situated on the northern side of Stanhope Road, close to its junction with Commercial Road, which is one of the main shopping areas within the city.
Nearby occupiers include PRYZM nightclub, Travelodge, various student accommodation blocks and Portsmouth and Southsea train station.
Description
Substantial City Centre Unit
Total Size 659.50 sq m (7,099 sq ft)
Accommodation
The accommodation forms part of a Grade II Listed building which is currently configured as a Gym, but would suit a variety of uses, subject to terms. Internally, the ground floor provides two large open plan areas, changing rooms (male and female) and offices. There is a mezzanine which is used as a studio.
We understand the accommodation to have the following approximate Gross Internal Area (GIA):
Ground Floor 571.50 sq m (6,152 sq ft)
Mezzanine 88.00 sq m (947 sq ft)
Total GIA 659.50 sq m (7,099 sq ft)
Planning
We understand that the premises benefit from Class D2 use within the Use Classes Order 1987 (as amended).
VAT
We understand the property is registered 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 sublease for a term expiring 7 November 2027. Rent on application.
Rateable Value / Council Tax Band
Rateable Value (2017): £36,250.
Future Rateable Value (2021): £45,750.
Should you require further information on Business Rates or your eligibility for rate relief, please contact our in house rating surveyor Daniel Green (d.green@flude.com).
Energy Performance Rating
We understand the property has an EPC rating of E (123)