Ground Floor Retail Units Available - Under Refurbishment
Summary
- Prominent Southsea Location
- Established Position in Elm Grove
- Class E Use
- Popular Independent Retail Pitch
- Separate or Combined
- Under Refurbishment
- May Qualify for SBRR*
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Unit - 107 | 522 | 48.50 | Available |
| Unit - 109 | 560 | 52.03 | Available |
| Basement - 109 | 501 | 46.54 | Available |
| Total | 1,583 | 147.07 |
Location
The property is situated in Southsea in Portsmouth a major regional port and hub for commercial activity, forming part of the south coast conurbation. Elm Grove is situated on the edge of Southsea with Victoria Road North/ South to the east and Kings Road to the west.
The property is located a short distance from the Kings Theatre and nearby occupants include Co-Op, Southsea Deli, Alison Gardiner, Huis, and also consisting of independent specialist shops, bars and cafes.
Get directions from Google Maps
Mainline Stations
-
Portsmouth and Southsea12 mins
-
Fratton13 mins
-
Portsmouth Harbour20 mins
-
Hilsea56 mins
Underground Station
-
Reading898 mins
-
Twyford934 mins
-
Tadworth978 mins
-
Tattenham Corner990 mins
Further Information
Rent £10,500 - £13,500 per annum
Rates Payable Upon Enquiry
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as C
Description
107-109 Elm Grove are ground floor shops, currently configured to provide a retail sales area, toilet and cellular storage space to the rear. The property benefits from a class E use enabling it to be used as a shop, for professional or financial services such as an estate agent, or a café, restaurant, office or clinic. 109 has an additional basement, accessible via staircase within the property.
The properties can be let individually or combined. Each property has a "C" EPC rating.
Terms
Available on a new Full Repairing Insuring Lease for a term to be agreed at a commencing rent of:
- 107 = £10,500 pax
- 109 = £13,500 pax
- Combined = £22,000 pax
Business Rates
Rateable Value (Source: VOA):
- 107: £4,900
- 109: £6,600
* The premises may benefit from Small Business Rates Relief.
You are advised to make your own enquiries in this regard to the Local Authority before making a commitment to lease.
Other Costs
Building Insurance will be payable by the Tenant.
Service charge will also be payable.
Each party to be responsible for their own legal costs incurred in the transaction.
VAT - It is understood the property is not elected for VAT.
Gallery
