To Let
231 Albert Road,
Southsea,
Hampshire,
PO4
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Retail and Leisure, D1 and Other, Offices
403 - 881 Sq Ft (37.44 - 81.84 Sq M)
- Central location within Southsea
- Busy and popular retail location
- Rear access off Francis Avenue
- Rear yard space that can be used for parking
- Sales area 403 sq ft
- 100% business rate relief possible
- New EFRI lease available
- Rent £18,000 pax
- Nearby occupiers include Tesco Express, Sainsbury's Local, Pad Thai Southsea and Age UK
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 located in the busy and popular Southsea area within Portsmouth, on the northern side of Albert Road close to its junction with Francis Avenue.
Nearby occupiers include Tesco Express, Sainsbury's Local, Pad Thai Southsea and Age UK.
Description
Class E Premises with Rear Access
Total Sales 37.44 sq m (403 sq ft)
Accommodation
The accommodation comprises a ground floor lock up shop and provides open plan sales area with space for a W/C to the rear. There is basement storage with a height of 1.91m. The property has rear access with yard space that could be used for a car.
The accommodation has the following approximate Net Internal Area (NIA):
Description sq m sq ft
Total sales 37.42 403
Basement 44.43 478
Total NIA 81.85 881
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
The ingoing tenant will be responsible for the landlord's professional fees.
Terms
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 £18,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2023): £8,700
The occupier may be entitled to 100% Small Business Rate relief.
Energy Performance Rating
We understand the property has an EPC rating of E.