Under Offer
49 Marmion Road,
Southsea,
Hampshire,
PO5 2AT
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Retail, Food and Beverage
640 Sq Ft (59.46 Sq M)
- Central location in Southsea
- Thriving retail and leisure destination
- Waitrose carpark opposite
- Fully Fitted Kitchen
- Extraction
- New lease available
- Rent £20,000 pax
- 100% small business rate relief eligible
- Previous premises license
- Nearby occupiers include Waitrose, Belvoir! Portsmouth, Pearsons and Lisa Dawson Wedding Shop
Location
Osborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity including Waitrose, Toni & Guy, The Marmion public house and Catalan Barcelona Tapas.
The property is situated on the northern side of Marmion Road. Nearby occupiers include Waitrose, Belvoir! Portsmouth, Pearsons and Lisa Dawson Wedding Shop.
Description
Fully Fitted Cafe / Restaurant
NIA 59.45 sq m (640 sq ft)
Accommodation
The accommodation comprises a self-contained ground floor retail unit that has been used as a cafe / restaurant for a number of year.
Internally, the unit provides a front of house area with a fully fitted kitchen with extraction. The equipment will be the tenants responsibility to maintain but remain with the premises.
There are two W/Cs that are accessed externally and a small storage room. The tenant has a right of way for a commercial waste bin at the back.
The accommodation has an approximate NIA 59.45 sq m (640 sq ft)
Energy Performance Rating
TBC
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.
Taxation
Rateable Value (2023): £11,000
The occupier may be entitled to 100% Small Business Rate relief.
Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
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 £20,000 per annum exclusive.
The tenant is responsible for 40% of maintenance costs.
There is a service charge.
VAT
We understand that the property is 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.