138 London Road, North End November 2016 - Holloway Iliffe & Mitchell
TO LET
HOLLOWAY ILIFFE & MITCHELL
Ground Floor Retail Unit With Basement ** REDUCED RENT ** 2,582 Sq Ft (239.87 Sq M)
138 London Road North End Portsmouth Hampshire SATNAV PO2
9DE
Your Local Experts for
Planning For A3 Café Use Rear Access For Loading Prominent Roadside Frontage Easy Access To The M27
Property 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
138 London Road, North End, Portsmouth, Hampshire LOCATION
EPC RATING
The premises occupy a prominent position on the eastern side of London Road, North End within close proximity to the main shopping area of North End.
B (32)
LOCATION PLAN London Road, North End is a densely populated suburb of Portsmouth located close to the M275 motorway which in turn leads out to the M27 leading westbound to Southampton and eastbound to Havant and Chichester and beyond. It also forms part of one of the main thoroughfares leading into the City from Hilsea, connecting with Kingston Road to the south. Occupiers in the immediate vicinity include Tesco convenience store, Leaders Estate Agents, along with various local retailers.
DESCRIPTION The property comprises a ground floor lock-up shop and basement within a four storey building set behind a concrete and glazed front and accessed via a double aluminium front door, which currently leads to large sales area. There is also an additional room, kitchenette, low level WC and hand-wash basin located to the rear of the property. The shop benefits from suspended ceiling, Catt II lighting and carpeting throughout, as well side access onto Montague Road, which can be used for loading and unloading.
OTHER COSTS A service charge is payable to cover costs such as maintenance and repair of common parts landscaping management fees. Additionally building insurance is also payable.
The premises currently have an A1 retail use. Previous planning consent (ref 13/00879/FUL) has also been granted for a change of use to an A3 Café use. Other uses will be considered subject to planning.
ACCOMMODATION Net Internal Sales Area Kitchenette
233.61 sq.m/ 2,515 sq.ft 6.23 sq.m/ 67 sq.ft
Total Net Internal Area
239.87 sq.m/ 2,582 sq.ft
TERMS
Unless stated, all prices and rents are quoted exclusive of VAT.
DISCLAIMER
Available on a new full repairing and insuring lease for a term to be agreed. Previously Quoted Rent: £20,000 pax
** OFFER DEAL **
Each party to be responsible for their own legal costs incurred in the transaction.
Year 1: ** £15,000pax, ** Year 2: £17,500 pax, Year 3: £20,000 pax.
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.
Further details on request.
VIEWING
BUSINESS RATES
Strictly by appointment with sole agents
Rateable Value: £11,500. Uniform Business Rates Payable per annum: £5,102.17 Source: voa.gov.uk
The above calculations are based on the following limitations: • •
Holloway Iliffe & Mitchell Limited
Registered Office:10 Acorn Business Park Northarbour Road Portsmouth PO6 3TH
Luke Mort T 023 9237 7800 E [email protected]
Small business rate relief applies only to occupied properties. A percentage reduction in your rates bill only applies if you only occupy one property.
You are advised to confirm the rates payable with the local council before making a commitment. 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.
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Date Prepared: 28-Nov-2016
HOLLOWAY ILIFFE & MITCHELL
Ground Floor Retail Unit With Basement ** REDUCED RENT ** 2,582 Sq Ft (239.87 Sq M)
138 London Road North End Portsmouth Hampshire SATNAV PO2
9DE
Your Local Experts for
Planning For A3 Café Use Rear Access For Loading Prominent Roadside Frontage Easy Access To The M27
Property 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
138 London Road, North End, Portsmouth, Hampshire LOCATION
EPC RATING
The premises occupy a prominent position on the eastern side of London Road, North End within close proximity to the main shopping area of North End.
B (32)
LOCATION PLAN London Road, North End is a densely populated suburb of Portsmouth located close to the M275 motorway which in turn leads out to the M27 leading westbound to Southampton and eastbound to Havant and Chichester and beyond. It also forms part of one of the main thoroughfares leading into the City from Hilsea, connecting with Kingston Road to the south. Occupiers in the immediate vicinity include Tesco convenience store, Leaders Estate Agents, along with various local retailers.
DESCRIPTION The property comprises a ground floor lock-up shop and basement within a four storey building set behind a concrete and glazed front and accessed via a double aluminium front door, which currently leads to large sales area. There is also an additional room, kitchenette, low level WC and hand-wash basin located to the rear of the property. The shop benefits from suspended ceiling, Catt II lighting and carpeting throughout, as well side access onto Montague Road, which can be used for loading and unloading.
OTHER COSTS A service charge is payable to cover costs such as maintenance and repair of common parts landscaping management fees. Additionally building insurance is also payable.
The premises currently have an A1 retail use. Previous planning consent (ref 13/00879/FUL) has also been granted for a change of use to an A3 Café use. Other uses will be considered subject to planning.
ACCOMMODATION Net Internal Sales Area Kitchenette
233.61 sq.m/ 2,515 sq.ft 6.23 sq.m/ 67 sq.ft
Total Net Internal Area
239.87 sq.m/ 2,582 sq.ft
TERMS
Unless stated, all prices and rents are quoted exclusive of VAT.
DISCLAIMER
Available on a new full repairing and insuring lease for a term to be agreed. Previously Quoted Rent: £20,000 pax
** OFFER DEAL **
Each party to be responsible for their own legal costs incurred in the transaction.
Year 1: ** £15,000pax, ** Year 2: £17,500 pax, Year 3: £20,000 pax.
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.
Further details on request.
VIEWING
BUSINESS RATES
Strictly by appointment with sole agents
Rateable Value: £11,500. Uniform Business Rates Payable per annum: £5,102.17 Source: voa.gov.uk
The above calculations are based on the following limitations: • •
Holloway Iliffe & Mitchell Limited
Registered Office:10 Acorn Business Park Northarbour Road Portsmouth PO6 3TH
Luke Mort T 023 9237 7800 E [email protected]
Small business rate relief applies only to occupied properties. A percentage reduction in your rates bill only applies if you only occupy one property.
You are advised to confirm the rates payable with the local council before making a commitment. 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.
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Date Prepared: 28-Nov-2016
