Retail property (high street) to rent
Property description & features
The property is a purpose built 1980’s retail premises arranged over ground and first floors. The premises benefit from a double frontage and have rear customer access at ground floor directly to Wooton Street. At the rear of the premises there are 3 car parking spaces, a loading bay area and bin storage space.
Location
The subject property occupies a prominent position in a busy location on Cosham High Street. Nearby occupiers include WH Smith, Specsavers, Peacocks, Costa and Poundland. There is short stay customer parking directly in front of the unit. Cosham rail station is a short walk south of the premises.
Terms
The property is available by way of a new full repairing and insuring lease for a term to be agreed.
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 (health, surgery/clinic) and D2 (leisure) 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.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
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