Property Information
Address: 98-100 Kingston Road, Portsmouth , PO2 7PA
Price: Rent: £20,000 Per Annum
Size: 1936 sq ft180 sqm
Primary Category: Shop
All Categories: Leisure, Office, Shop, Healthcare,
Property Ref/Movehut: MH642747
Property Ref/Agent: 3674
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: January 25, 2021
Property description
Description
Self-Contained Class E Premises
NIA 179 sq m (1,936 sq ft)
Location
Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.
The premises is situated on the western side of Kingston Road, close to its junction with New Road. The area is an established retail location and a densely populated suburb of Portsmouth. Nearby occupiers include Ladbrokes, India Gate, The Post
Office and Lalys Pharmacy.
Planning
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E ‘Commercial Business and Service’ use within the Use Classes Order 2020.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
We understand that the property is not elected for VAT.
Accommodation
The accommodation comprises an open plan unit with kitchen area and WC facilites. There is also basement storage.
The property has an approximate NIA of 179 sq m (1,936 sq ft).
Business Rates / Council Tax Band
Rateable Value (2017): £10,000.
As the RV is below £12,000 we believe 100% small business rate relief is possible.
EPC
We understand the property has an EPC rating of C (61).
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The property is available to let by way of a new Full Repairing and Insuring lease for a term to be agreed at a commencing rent of £20,000 per annum exclusive.
Established retail location and densely populated suburb of Portsmouth
Prominent corner position
May be eligible for small business rate relief
Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
Basement storage 74 sq m (800 sq ft)
Rent £20,000 pax
New FRI lease available
No VAT
Nearby occupiers include Ladbrokes, India Gate, The Post Office and Lalys Pharmacy
EPC for 98-100 Kingston Road, Portsmouth
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