To Let
Unit 5,
The Gallery Arcade,
143-147 London Road,
Portsmouth,
Hampshire,
PO2
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Retail and Leisure, Offices
215 Sq Ft (19.97 Sq M)
- Centrally located in Portsmouth
- Flexible Terms considered
- Low rent of £300 pcm
- Situated within a shopping mall
- Refurbished Arcade
- Shared Cloakroom Facilities
- 100% small business rate relief eligible
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 northern end of the main shopping area within The Gallery Arcade which is positioned on the Western side of London Road.
Description
Ground Floor Retail Unit
Total Size - 215 sq ft (19.97 sq m)
Accommodation
The accommodation has the following approximate Net Internal Area (NIA): 19.97 sq m (215 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
Each party to bear their own legal costs incurred.
A reservation fee of £950, plus VAT is to be paid to the Landlord prior to the issuing of the draft lease.
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 £300 per month exclusive.
The service charge is £245.10 per annum and the building insurance is £90.30 per annum.
Rateable Value / Council Tax Band
Rateable Value (2023): £1,800.
The occupier may be entitled to 100% Small Business Rate relief.
Energy Performance Rating
We understand the property has an EPC rating of C.
Viewing
For further information or to arrange a viewing, please contact:
Alice Masterman
023 9262 9006
a.masterman@flude.com