65 Palmerston Road,
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Retail and Leisure
1,367 Sq Ft (126.99 Sq M)
- Central location in Southsea
- Thriving retail and leisure destination
- Within attractive shopping precinct
- Let on an FRI lease expiring January 2035
- Full fitted kitchen with new equipment
- Open plan restaurant unit providing around 60 covers internally and 16 covers externally
- Low passing rent £21,000 pax
- Premium sought for lease and fixtures & fittings
- Nearby by occupiers include Drift Southsea, Subway, Natwest Bank and Sainsburys Local
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.
Nearby by occupiers include Drift Southsea, Subway, Natwest Bank and Sainsburys Local.
Fully Fitted Restaurant Premises
Total Size 127 sq m (1,367 sq ft)
The accommodation comprises an open plan restaurant unit, which provides around 60 covers internally and 16 covers externally. There is also a fully fitted kitchen with new equipment to the rear.
The property has a an approximate NIA of 127 sq m (1,367 sq ft).
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.
Rents and prices are quoted exclusive of, but may be subject to VAT.
Each party to bear their own legal costs incurred.
The premises is available by way of an assignment of the existing full repairing and insuring lease, which is due to expire in January 2035. The passing rent is £21,000 per annum exclusive. A copy of the lease can be made available upon request. Premium offers are sought for the lease and fixture & fittings. Further details on application.
Rateable Value / Council Tax Band
Rateable Value (2017): £14,000 pax.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).
Energy Performance Rating
To be confirmed.