To Let
205 Commercial Road,
Portsmouth,
Hampshire,
PO1
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Retail and Leisure, D1 and Other, Offices
1,995 - 3,357 Sq Ft (185.34 - 311.87 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 in the northern precinct of Commercial Road, which is one of the main shopping areas within the city. Nearby occupiers include Argos, McDonalds, Taco Bell and German Doner Kebab.
Description
City Centre Class E Premises with Rear Access
Sales Area - 185.34 sq m (1,995 sq ft)
Accommodation
The property comprises a two storey terraced building. Internally, the ground floor provides a sales area with further ancillary on the first floor. There is rear access for loading.
The property has the following approximate NIA:
Sales Area - 185.34 sq m (1,995 sq ft)
First Floor Ancillary - 126.53 sq m (1,362 sq ft)
Total NIA - 311.87 sq m (3,357 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 the property is registered for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The property is available to let by way of a new short-term lease, outside the security of tenure provisions of the Landlord and Tenant Act, for a term to be agreed. Price on Application.
Rateable Value / Council Tax Band
Rateable Value(2023): £33,750
Following the Government's latest budget, it has been confirmed that there will be a 75% discount 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 D.