To Let
69 Castle Road,
Southsea,
Hampshire,
PO5
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Retail, Food and Beverage
1,057 Sq Ft (98.2 Sq M)
- Central location within Southsea
- Pedestranised road
- Quoting £25,000 per annum exclusive
- The occupier may be entitled to Small Business Rate relief
- Size - 1,002 sq ft
- Approximately 40 covers
- £10,000 Premium
- New lease
- Nearby occupiers include Pie & Vinyl, Chinneck Shaw, Premier and The Barbership
Location
Southsea is a busy and attractive area within Portsmouth, which is located approximately 19 miles south east of Southampton and 70 miles south west of London.
The property in located on the eastern side of Castle Road, a popular area of Southsea which is home to a variety of independent shops, bars and restaurants.
Description
The property comprises a ground floor commercial unit fitted as a restaurant, benefitting from extraction, a bar area, and an external courtyard suitable for customer seating.
Accommodation
The accommodation has an approximate Net Internal Area (NIA) of:
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor | 799 | 74.23 |
| Basement | 203 | 18.86 |
| Total | 1,002 | 93.09 |
Energy Performance Rating
The property has an EPC rating of 'B' (Expires 08/07/2035).
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.
Taxation
Rateable Value (1st April 2026): £10,500
The occupier may be entitled to Small Business Rate relief.
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 £25,000 per annum exclusive.
The landlord is seeking a premium of £10,000 for the existing fixtures and fittings.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
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.