Under Offer
117 Elm Grove,
Southsea,
Hampshire,
PO5 1LH
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Retail and Leisure, Offices
701 - 1,108 Sq Ft (65.12 - 102.93 Sq M)
Location
Southsea is a popular retail and leisure destination, with national and independent occupiers in the vicinity. The property has a corner based presence on Elm Grove and it's junction with St Peters Grove.
Nearby occupiers include Southsea Deli, The Steam Rume, Huis, Scoops and Bread Addiction.
What3words: donor.expert.hiking
Description
Ground Floor Class E Premises
Sales Area - 65.10 sq m (701 sq ft)
Accommodation
The property comprises a ground floor retail property with office and storage space. There is a cellar that is used for further storage. The kitchen and toilet facilities are shared with the tenant next door. There is a rear yard used for bins.
The accommodation has the following approximate Net Internal Area (NIA): 102.90 sq m (1,108 sq ft)
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 that the property is not elected for 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 £15,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2023): £9,800.
The occupier may be entitled to 100% Small Business Rate relief.
Energy Performance Rating
TBC