To Let
39-41 High Street,
Cosham,
Portsmouth,
Hampshire,
PO6 3BT
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Retail, Food and Beverage, Leisure (Class D1, D2 and Other)
2,500 - 4,834 Sq Ft (232.25 - 449.08 Sq M)
- Prominent location on Cosham's main high street
- High Street is busy and commercially diverse
- Large open plan retail unit
- Ancillary: 1,165 sq ft
- Area to the rear for loading
- Rent £45,000 pax
- New effectively FRI lease available
- Occupiers on High Street include Greggs, Costa, Nationwide, JD Wetherspoon and Card Factory
Location
The property is located within Cosham, which is a busy suburb of Portsmouth adjacent to the M27/A27. The subject property is located on Cosham's main high street within its pedestrianised zone, which serves as the suburb's main commercial thoroughfare.
The street is characterised by national and independent retailers with nearby occupiers including Greggs, Costa, Nationwide, JD Wetherspoon and Card Factory.
Description
The premises comprises a self-contained retail unit arranged over the ground floor. Internally, the unit provides a large open plan sales area, together with storage and a WC at the rear.
Externally, there is rear access that provides the opportunity for loading.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground floor sales area | 3669 | 340.85 |
| Ground floor ancillary | 1165 | 108.23 |
| Total | 4,834 | 449.08 |
Energy Performance Rating
We understand the property has an EPC rating of B.
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): £36,250
Future Rateable Value (2026): £43,000
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 £45,000 per annum exclusive, subject to vacant possession.
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.
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.