To Let
5 Palmerston Road,
Southsea,
Hampshire,
PO5 3QQ
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Retail, Food and Beverage, Leisure (Class D1, D2 and Other), Suis Generis
2,354 - 3,002 Sq Ft (218.69 - 278.89 Sq M)
- Prime retailing position in Southsea
- Situated on a busy busy pedestrianised High Street
- Thriving retail and leisure destination
- Substantial ground-floor retail unit, offering a generous open-plan sales area
- Practical ancillary accommodation, including storage space, staff facilities and W/C
- Quoting £47,500 per annum exlcusive
- New lease available, subject to vacant possession
- The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity
- Including Specsavers, Costa, Greggs, Waitrose, Boots, TG Jones, Tesco Express, MyDentist and New Look
Location
The property is situated in the heart of Southsea in a prime retailing position on the estern side of Palmerston Road, which is fully pedestrianised. Palmerston Road, Osborne 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 Specsavers, Costa, Greggs, Waitrose, Boots, TG Jones, Tesco Express, MyDentist and New Look.
The area benefits from a number of car parks nearby and on street parking available on various nearby streets, which makes it easy for shoppers.
Description
The property comprises a substantial ground-floor retail unit, offering a generous open-plan sales area ideal for a wide range of occupiers. To the rear, the unit benefits from practical ancillary accommodation, including storage space, staff facilities and W/C. Externally, the premises enjoys convenient rear access and loading via a public car park, together with dedicated bin storage.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor (Sales) | 2354 | 218.69 |
| Ancillary | 649 | 60.29 |
| Total | 3,003 | 278.98 |
Energy Performance Rating
To be confirmed
Planning
We understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Taxation
Rateable Value (2026): £37,000
Occupiers will pay approximately 38% of this per annum.
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 £47,500 per annum exclusive.
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.