For Sale
34-36 Fratton Road,
Portsmouth,
Hampshire,
PO1
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Retail, Food and Beverage, Investment, Leisure (Class D1, D2 and Other)
1,749 Sq Ft (162.48 Sq M)
- Busy and central location within popular suburb of Portsmouth (Fratton)
- Suit owner occupier or investor
- Double fronted shop unit with potential to split
- Three phase power
- Ample public parking nearby
- Walking distance from Fratton train station
- No VAT
- Freehold interest
- POA
- Nearby occupiers include Asda, Dominos, J D Wetherspoons and Subway
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 western side of Fratton Road, which is an established retail location and a densely populated suburb of Portsmouth. Fratton Train station is approximately a five minute walk away. Nearby occupiers include Asda, Dominos, J D Wetherspoons and Subway.
Description
Class E Premises
Total Size - 162.51 sq m (1,749 sq ft)
Accommodation
The accommodation comprises of a large single storey, ground floor unit with double shop front. There is potential to split the unit into two smaller units. To the rear of the unit, there is a small kitchenette, storage and a W/C. There is a small covered yard area for bins at the rear.
We have measured and calculate the premises to have an approximate Net Internal Area (NIA) of 162.51 sq m (1,749 sq ft).
Energy Performance Rating
We understand the property has an EPC rating of B.
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.
Taxation
Rateable Value (2023): £12,500.
The occupier may be entitled to some Small Business Rate relief, which can range from 92% to 8%.
In addition all occupied retail, hospitality & leisure properties receive a 75% discount from 1st April 2024 until 31st March 2025. 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.
Terms
We have been instructed to market the property with vacant possession for the freehold interest subject to contract. POA.
VAT
We understand the property is not registered for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.