Under Offer
35-37 Arundel Street,
Portsmouth,
Hampshire,
PO1 1NB
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Retail and Leisure, D1 and Other, Offices
887 - 2,057 Sq Ft (82.4 - 191.1 Sq M)
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 Arundel Street, which is one of the main shopping areas within the city. Nearby occupiers include Wilko, Pure Gym and British Heart Foundation.
Description
Large Double Fronted Class E Premises
Total Size: 191.10 sq m (2,057 sq ft)
Accommodation
The accommodation forms part of a prominent corner retail block, and provides a large, open plan retail area with ancillary staff and storage facilities. The unit benefits from extensive glazed shop-frontage and glazed canopy over the forecourt. There is also rear/side servicing from Buckingham Place.
We have measured and calculate the accommodation to have the following Gross Internal Area (GIA):
Area - Sq Ft - Sq M
No. 35 - 887 sq ft - 82.42 sq m
No. 37 - 1,170 sq ft - 108.67 sq m
Total - 2,057 sq ft - 191.10 sq m
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
We understand the property is registered for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The whole property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed.
There is a service charge of £1,000 plus VAT per annum.
Rateable Value / Council Tax Band
Rateable Value (2023): £15,000.
Currently, all occupied retail, hospitality and leisure properties receive a discount of 75% from 1st April 2023 until 31st March 2024.
Subject to annual cash cap of £110,000 per business and qualifying use. Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
Energy Performance Rating
We understand the property has an EPC rating of C (69).