To Let
Ground Floor Shop,
35 Osborne Road,
Southsea,
Hampshire,
PO5
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Retail, Food and Beverage, Leisure (Class D1, D2 and Other), Offices
437 Sq Ft (40.6 Sq M)
- Prominent Southsea location
- Thriving retail and leisure destination
- Suitable for a variety of commercial uses (STP)
- New FRI lease available, subject to vacant possession
- £10,000 pax
- No VAT
- Close proximity to Palmerston Road and seafront
- The occupier may be entitled to some Small Business Rate relief
- Nearby occupiers include Waitrose, Southsea Coffee, Queens Hotel and CRY
Location
Osborne Road, Palmerston Road and Marmion Road form the principal commercial centre of Southsea. The area is a well-established and popular retail and leisure destination, benefiting from a strong mix of national and independent occupiers nearby, including Waitrose, Queens Hotel, Southsea Coffee, Wannops and Agave's Grill.
The property is situated on the northern side of Osborne Road, close to its junction with Ashburton Road and within a short walking distance of Palmerston Road shopping precinct and the seafront.
Description
The accommodation comprises a self-contained basement Class E premises previously occupied as a beauty salon. The premises is accessed via a dedicated entrance and steps directly off Osborne Road.
Internally, the accommodation provides two treatment/consultation rooms together with a kitchenette, storage area and W/C facilities.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Lower Ground Floor | 437 | 40.6 |
| Total | 437 | 40.60 |
Energy Performance Rating
We understand the property has an EPC rating of E(108).
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 (2023): £3,950
The occupier may be entitled to 100% 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 £10,000 per annum exclusive.
VAT
We understand that the property is not elected for VAT.
Legal Fees
The tenant will be responsible for their own legal costs and a contribution to the landlords legal fees will be required of £1,250 plus VAT.
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.