No longer on the market
This property is no longer on the market
MapRetail property (high street)
Let agreed
Retail property (high street)
355
Features and description
- West side of Albert Road
- Popular retail, student and residential location
- Prominent Southsea Location
- Multiple Use Considered (STP)
1 Albert Road, a ground floor lock-up shop is currently configured to provide an open plan retail area.
Currently the property has E Class however, it is also suitable for alternative uses subject to obtaining any necessary planning consents.
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 west side of Albert Road.
The property is located a short distance from the King's Theatre and nearby occupants consisting of a mixture of national chain retailers and independent specialist shops.
Guide Rent: £10,000 per annum.
Available on a new effective full repairing and insuring lease for a term to be agreed.
Rateable Value: £5,100 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.
Each party to be responsible for their own legal costs incurred in the transaction.
Service Charge - £360 pa
Building Insurance - £431.75 pa
We understand that the property is NOT elected for VAT.
Currently the property has E Class however, it is also suitable for alternative uses subject to obtaining any necessary planning consents.
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 west side of Albert Road.
The property is located a short distance from the King's Theatre and nearby occupants consisting of a mixture of national chain retailers and independent specialist shops.
Guide Rent: £10,000 per annum.
Available on a new effective full repairing and insuring lease for a term to be agreed.
Rateable Value: £5,100 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.
Each party to be responsible for their own legal costs incurred in the transaction.
Service Charge - £360 pa
Building Insurance - £431.75 pa
We understand that the property is NOT elected for VAT.
Property information from this agent
About this agent
Holloway Iliffe & Mitchell - Portsmouth
10, Acorn Business Park
Portsmouth, Hampshire
PO6 3TH
023 9211 0073Holloway Iliffe & Mitchell is an independent firm of chartered surveyors and commercial & industrial property consultants, having considerable market knowledge and awareness in all aspects of the commercial market along the south coast, particularly the M27 corridor and surrounding conurbations. The three directors each have specialised knowledge within the professional, agency and development sectors. This includes management, to incorporate industrial/warehousing, offices, retail, investments and development.