Prominent restaurant location available
Summary
- Prominent Southsea Location
- Albert Road
- Modern Fit out
- Additional Storage
- x1 Parking Space
- Multiple Use Considered (STP)
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Unit - Main Unit | 662 | 61.50 | Available |
| 1st - Storage | 224 | 20.81 | Available |
| Total | 886 | 82.31 |
Location
Albert Road is situated in the heart of Southsea with Victoria Road North to the west and Eastney Road to the east, via Highlands Road. The subject premises are situated on the east side of Albert Road opposite the junction with Victoria Road South.
The property is located directly opposite the Wedgewood rooms, with other local occupiers consisting of Subway, Post Office, Costa Coffee, Goldchem Pharmacy and many more. It is also a short distance from the King's Theatre.
Get directions from Google Maps
Mainline Stations
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Fratton13 mins
-
Portsmouth and Southsea21 mins
-
Portsmouth Harbour31 mins
-
Hilsea58 mins
Underground Station
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Reading901 mins
-
Twyford936 mins
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Tadworth975 mins
-
Tattenham Corner987 mins
Further Information
Rent £20,000 per annum
Rates Payable Upon Enquiry
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as D (91)
Description
116 Albert Road, is a ground floor lock-up unit and is currently configured to provide an restaurant lay out with tables and chairs, kitchen and bar areas, rear courtyard with w.c., and a 1st floor storage and preparation area.
Currently the property has E Class however, it is also suitable for alternative uses subject to obtaining any necessary planning consents.
Terms
Guide Rent: £20,000 per annum.
Available on a new full repairing and insuring lease for a term to be agreed.
Business Rates
Rateable Value: £7,700 pa.
You are advised to check the rates payable with the local council before making a commitment.
*Small Business Rates Relief of 100% is available for ratepayers occupying a single property with a rateable value up to and including £12,000 from 1 April 2017.
Other Costs
Each party to be responsible for their own legal costs incurred in the transaction.
Building Insurance - £TBC
VAT - We understand that the property is elected for VAT.
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