To Let
The Air Balloon,
Mile End Road,
Portsmouth,
Hampshire,
PO2
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Industrial and Warehouse, Suis Generis
1,620 Sq Ft (150.5 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.
Description
The site comprises a yard with hard standing and a small office of 100 sq ft. There is also power and water.
Accommodation
The accommodation has the following approximate floor areas:
| Description | Sq Ft | Sq M |
|---|---|---|
| Yard | 1520 | 1620 |
| Office | 100 | 9.29 |
| Total | 1,620 | 1,629.29 |
Energy Performance Rating
The site is exempt from the need for an EPC.
Planning
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Taxation
Rateable Value (2023): £3,650
Rateable Value (Draft - Scheduled for Implementation from 1st April 2026): £4,250
Occupiers will pay approximately 50% of this per annum (on sub £50,001 Rateable Values) and approximately 55% on Ratable Values above.
Interested parties should make their own enquiries to satisfy themselves of their business rates liability: https://www.gov.uk/find-business-rates.
Terms
The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £1,000 per month, plus VAT exclusive.
VAT
We understand the property is 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.