The property is situated on Elm Grove, in Southsea with both national and independent retailers in close proximity, including Co-Operative Food, Three Cuts Restaurant, Laundry Care, One-Eyed Dog.
Southsea is a thriving coastal resort in the City of Portsmouth, with good road connections with London and the South Coast. Albert Road is located to the east and Palmerston Road is to the south of this area.
The nearest train station provides connections to London, Southampton and Brighton is approximately 0.5 miles away in Portsmouth city centre.
The property comprises a single unit, a former takeaway with counter/reception and ancillary areas.
The following are the approximate dimensions and areas:
|Frontage||5.3 m||17’ 4”|
|Built Depth||17 m||55’ 9”|
|Shop Depth||Max 12.5 m||41’ 0”|
|Sales area||65 sq m||708 sq ft|
|Preparation||17 sq m||140 sq ft|
|TOTAL||83 sq m||899 sq ft|
We are instructed to market this double restaurant/retail unit on a new Effective Full Repairing and Insuring Lease for a term to be agreed at the commencing rental of £16,500 per annum exclusive.
A service charge of the fair proportion of the building and insurance will be payable.
Shop: £17,0000 (Source: VOA April 2023) – This will need to be reassessed as currently rated with 127 Elm Grove.
Each party to be responsible for their own legal costs incurred in this transaction.