87-87a Marmion Road Southsea Hampshire
HOLLOWAY ILIFFE & MITCHELL
FOR SALE
LOCK UP SHOP WITH FIRST & SECOND FLOOR ACCOMMODATION 1,380 Sq Ft (128.20 Sq M)
87-87a Marmion Road Southsea Hampshire SATNAV PO5
2AX
Your Local Experts for
Prominent Roadside Frontage Central Southsea Location Possibility Residential Conversion Of Upper Parts (STP)
Property
Basement Sales Area
Click to View our Latest Instructions
Portsmouth
O23 9237 78OO
Southampton
O23 8011 9977
Commercial Estate Agency > Property Management > Valuations > Development Advice Rating > Investment Advice > Building Surveys > Arbitration > Rent Review / Lease Renewal
hi-m.co.uk
87-87a Marmion Road, Southsea, Hampshire LOCATION
EPC RATING
Southsea is an affluent neighbourhood of the city of Portsmouth. Marmion Road is an attractive retail thoroughfare where there are numerous local occupiers including a mixture of retailers, estate agents and food establishments.
D (92)
LOCATION PLAN
The subject premises are located towards the eastern end of Marmion Road on the northern side within a parade of shops and residential premises between Marmion Avenue and Victoria Road South. The property is also within walking distance of Palmerston Road, where many national retailers including Knight and Lee (John Lewis Group) and Debenhams are located.
DESCRIPTION The property comprises of a ground floor lock-up shop set behind a wooden frame glazed shop front, leading to a retail space with additional basement sales/storage accomodation, with full ceiling height. A low level WC, hand-wash basin and kitchenette are located to the rear of the property. The first and second floor accommodation can be accessed through an interlinking arch internal to the shop. Alternatively there is a self contained entrance which is accessed to the right hand side of the main shop frontage. The first floor provides ample office/storage space.
BUSINESS RATES Rateable Value: £7,400. Uniform Business Rates Payable per annum: £835.71 Source: voa.gov.uk
The above calculations are based on the following limitations: •
Small business rate relief applies only to occupied properties. A percentage reduction in your rates bill only applies if you only occupy one property.
The property benefits from being maintained to a good standard and from roadside frontage with sufficient parking.
•
The premises currently has an A1 Retail use class. There is the possibility of converting the upper parts to residential accommodation, STP.
You are advised to confirm the rates payable with the local council before making a commitment.
ACCOMMODATION Ground Floor/Basement Sales area Kitchenette Basement
44.59 sq.m / 480 sq.ft 4.53 sq.m / 49 sq.ft 38.43 sq.m / 414 sq.ft
WC & wash-hand basin First Floor Store Store
13.18 sq.m /142 sq.ft 11.16 sq.m /120 sq.ft
Second Floor Store/Kitchen Cloakroom
13.91 sq.m / 150 sq.ft 2.43 sq.m / 26 sq.ft
Holloway Iliffe & Mitchell Limited
Registered Office:10 Acorn Business Park Northarbour Road Portsmouth PO6 3TH
For the Lessors or Vendors of this instruction, whose Agents they are, give notice that; These particulars are set out as general guidance only to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Lessees, Purchasers or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Holloway Iliffe & Mitchell has any authority to make any representation or warranty whatsoever in relation to this property.
VIEWING
WC & wash-hand basin Total Net Internal Area
DISCLAIMER
Strictly by appointment with sole agents Luke Mort
128.23 sq.m / 1,380 sq.ft
T 023 9237 7800 E [email protected]
TERMS £300,000 for the freehold.
OTHER COSTS Each party to be responsible for their own legal costs incurred in the transaction.
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As responsible landlords, our client has regard to the recommendations of the Code of Practice for Commercial Leases in England & Wales. If you are professionally represented, you should ask your advisor for a copy. Alternatively, the document can be found at www.leasingbusinesspremises.co.uk or be obtained from The Royal Institution of Chartered Surveyors (Tel: 020 7343 3806) In accordance with the code, our client is willing to consider alternative lease terms to those proposed. If you wish to suggest different terms, please set these out clearly in your reply. Please bear in mind however that variations may affect the level of rent proposed.
Date Prepared: 30-Jan-2017
FOR SALE
LOCK UP SHOP WITH FIRST & SECOND FLOOR ACCOMMODATION 1,380 Sq Ft (128.20 Sq M)
87-87a Marmion Road Southsea Hampshire SATNAV PO5
2AX
Your Local Experts for
Prominent Roadside Frontage Central Southsea Location Possibility Residential Conversion Of Upper Parts (STP)
Property
Basement Sales Area
Click to View our Latest Instructions
Portsmouth
O23 9237 78OO
Southampton
O23 8011 9977
Commercial Estate Agency > Property Management > Valuations > Development Advice Rating > Investment Advice > Building Surveys > Arbitration > Rent Review / Lease Renewal
hi-m.co.uk
87-87a Marmion Road, Southsea, Hampshire LOCATION
EPC RATING
Southsea is an affluent neighbourhood of the city of Portsmouth. Marmion Road is an attractive retail thoroughfare where there are numerous local occupiers including a mixture of retailers, estate agents and food establishments.
D (92)
LOCATION PLAN
The subject premises are located towards the eastern end of Marmion Road on the northern side within a parade of shops and residential premises between Marmion Avenue and Victoria Road South. The property is also within walking distance of Palmerston Road, where many national retailers including Knight and Lee (John Lewis Group) and Debenhams are located.
DESCRIPTION The property comprises of a ground floor lock-up shop set behind a wooden frame glazed shop front, leading to a retail space with additional basement sales/storage accomodation, with full ceiling height. A low level WC, hand-wash basin and kitchenette are located to the rear of the property. The first and second floor accommodation can be accessed through an interlinking arch internal to the shop. Alternatively there is a self contained entrance which is accessed to the right hand side of the main shop frontage. The first floor provides ample office/storage space.
BUSINESS RATES Rateable Value: £7,400. Uniform Business Rates Payable per annum: £835.71 Source: voa.gov.uk
The above calculations are based on the following limitations: •
Small business rate relief applies only to occupied properties. A percentage reduction in your rates bill only applies if you only occupy one property.
The property benefits from being maintained to a good standard and from roadside frontage with sufficient parking.
•
The premises currently has an A1 Retail use class. There is the possibility of converting the upper parts to residential accommodation, STP.
You are advised to confirm the rates payable with the local council before making a commitment.
ACCOMMODATION Ground Floor/Basement Sales area Kitchenette Basement
44.59 sq.m / 480 sq.ft 4.53 sq.m / 49 sq.ft 38.43 sq.m / 414 sq.ft
WC & wash-hand basin First Floor Store Store
13.18 sq.m /142 sq.ft 11.16 sq.m /120 sq.ft
Second Floor Store/Kitchen Cloakroom
13.91 sq.m / 150 sq.ft 2.43 sq.m / 26 sq.ft
Holloway Iliffe & Mitchell Limited
Registered Office:10 Acorn Business Park Northarbour Road Portsmouth PO6 3TH
For the Lessors or Vendors of this instruction, whose Agents they are, give notice that; These particulars are set out as general guidance only to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Lessees, Purchasers or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Holloway Iliffe & Mitchell has any authority to make any representation or warranty whatsoever in relation to this property.
VIEWING
WC & wash-hand basin Total Net Internal Area
DISCLAIMER
Strictly by appointment with sole agents Luke Mort
128.23 sq.m / 1,380 sq.ft
T 023 9237 7800 E [email protected]
TERMS £300,000 for the freehold.
OTHER COSTS Each party to be responsible for their own legal costs incurred in the transaction.
follow us..
As responsible landlords, our client has regard to the recommendations of the Code of Practice for Commercial Leases in England & Wales. If you are professionally represented, you should ask your advisor for a copy. Alternatively, the document can be found at www.leasingbusinesspremises.co.uk or be obtained from The Royal Institution of Chartered Surveyors (Tel: 020 7343 3806) In accordance with the code, our client is willing to consider alternative lease terms to those proposed. If you wish to suggest different terms, please set these out clearly in your reply. Please bear in mind however that variations may affect the level of rent proposed.
Date Prepared: 30-Jan-2017
