Under Offer
440 London Road,
Portsmouth,
Hampshire,
PO2
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Retail, Food and Beverage
978 Sq Ft (90.86 Sq M)
- Shop forms part of a local parade in a densely populated area
- Main road prominence
- Local on street parking
- Extraction fitted
- 100% small business rate relief is possible
- Walk in Fridge & Freezer
- Rent £16,000 pax
- Takeaway use class
- Gas supply
- Nearby occupiers include Spar, Dice, Wheelers Bakery and Wok Express
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 the main London Road midway between the Hilsea roundabout and North End. The shop forms part of a local parade in a densely populated area, with the benefit of main road prominence and local on street parking.
Nearby occupiers include Spar, Dice, Wheelers Bakery and Wok Express.
Description
Takeaway Unit with Extraction
Total Size - 90.87 sq m (978 sq ft)
Accommodation
The property comprises a self-contained ground floor premise which is currently configured as a takeaway site. The current layout has the extraction in the middle of the sales area set up for a pizza takeaway. The front sales area has a counter and prep section, with storage, W/C and walk in chillers at the rear.
We have measured and calculate the accommodation to have an approximate Net Internal Area (NIA) of 90.87 sq m (978 sq ft).
Energy Performance Rating
We understand the property has an EPC rating of C (58).
Planning
The permitted use is for a takeaway restaurant within Use Class A5 (Sui Generis under the 2020 update).
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Taxation
Rateable Value (2023): £6,400
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 £16,000 per annum exclusive.
VAT
We understand that the property is not elected 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.