Under Offer

12-18 Charlotte Street,
Portsmouth

Back to Results

Retail and Leisure

6,478 Sq Ft (601.81 Sq M)

1 of 17
Download Marketing Details
Virtual Tour
Features
  • Well located within Portsmouth city centre
  • Opposite to large public carpark
  • Prominent position with large frontage
  • Open plan ground floor sales area 3,610 sq ft
  • First floor sales area 1,848 sq ft
  • Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
  • Suit a wide range of occupiers
  • New lease available
  • Rent £29,500 pax
  • Nearby occupiers include Subway, KFC, Specsavers, Argos and Cascades shopping centre

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 situated on the northern side of Charlotte Street , opposite a large public car park and close to Commercial Road, which is the principal retailing street in Portsmouth city centre. Nearby occupiers include, Subway, Argos, Specsavers, KFC and Cascades.

Description

Well Located Class E Premises
Total Sales 507 sq m (6,478 sq ft)

Accommodation

The property comprises a two-storey corner retail unit arranged over ground and first floors. Internally, the ground floor provides large open plan retail space. The first floor currently configures as more retail space with storage, kitchen, and WC's

The property has the following approximate NIA:

Area Sq M Sq Ft
Ground Floor Sales 335 3,610
First Floor Sales 172 1,848
Total Sales 507 5,458
First Floor Ancillary 95 1,020
Total NIA 602 6,478

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.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring basis at a commencing rent of £29,500 per annum exclusive, subject to a photographic schedule of condition, on the basis of your standard lease term of five years (outside the L&T Act) with a landlords rolling break option from 24th March 2023 on three months notice.

Rateable Value / Council Tax Band

Rateable Value (2017): £23,500.

Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).

Energy Performance Rating

To We understand the property to have an EPC rating of D (85).

Viewing

For further information or to arrange a viewing, please contact:

Sebastian Martin
023 9262 9007
s.martin@flude.com

Lizzie Cottrell
023 9262 9012
l.cottrell@flide.com

Lizzie Cottrell

01243 929135 Email