11 Edinburgh Road,
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Retail and Leisure, D1 and Other
718 - 2,471 Sq Ft (66.7 - 229.56 Sq M)
- Well located within Portsmouth city centre
- Large student population within area
- First floor sales/storage 62.24 sq m (670 sq ft)
- Second floor 65.22 sq m (702 sq ft)
- Rear servicing and gas connection
- Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
- New FRI lease available
- Rent £32,500 pax
- Nearby occupiers include Travelodge, Natwest, Greggs, Sainsbury's and Iceland
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 southern western side of Edinburgh Road, close to its junction with Commercial Road, which is one of the main shopping areas within the city. Nearby occupiers include Travelodge, Natwest, Greggs, Sainsbury's and Iceland.
City Centre Class E Premises
Sales Area 66.70 sq m (718 sq ft)
The property is arranged as a retail unit over three floors. Internally, the ground floor provides open plan sales area, storage space, kitchen and WC facilities, together with further sales and storage on the upper two floors. Externally, there is rear servicing.
We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):
Ground Floor Sales Area 66.70 sq m (718 sq ft)
Ground Floor Storage 35.40 sq m (381 sq ft)
First Floor Sales/Storage 62.24 sq m (670 sq ft)
Second Floor 65.22 sq m (702 sq ft)
Total NIA 229.56 sq m (2,471)
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.
We understand that the property is not elected for VAT.
A contribution to the landlords legal fees will be required.
The property is available to let by way of a new (effectively) full repairing and insuring lease for a term of 10 year leases with a five year break option and open market rent review (upward only) at a commencing rent of £32,500 per annum exclusive. The landlord requires a six month rent deposit and personal guarantor.
Rateable Value / Council Tax Band
Rateable Value (2017): £20,000.
Future Rateable Value (2021): £19,000.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com)
Energy Performance Rating
We understand the property has an EPC rating of C (55).