175 London Road

North End, Portsmouth, PO2 9AE

653 sq ft
To Let / For Sale
Retail

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GROUND FLOOR UNIT WITH DEVELOPMENT POTENTIAL

Property Type Retail
Tenure To Let / For Sale
Size 653 sq ft
Business Rates Upon enquiry
Energy Performance Rating This property has been graded as 98 (D)

Key Features

  • A1 / A2 Ground Floor Premises
  • Rear Yard
  • Planning Consent for Conversion to 3 Bedsits
  • Other uses Considered (STP)

Location

The premises occupy a prominent position on the western side of London Road in North End, a short distance north from the busy intersection with Angerstein Road and Stubbington Avenue. London Road forms part of the main thoroughfares leading into the city from Hilsea, connecting with Kingston Road to the south and ultimately the M27 / A27 to the north.

Available area

The accommodation comprises of the following

NameSq ftSq mTenureAvailability
Unit - Sales area 412 38.28 To let / For sale Available
Unit - Store/Office 225 20.90 To let / For sale Available
Unit - Store 16 1.49 To let / For sale Available
Totals65360.67  

Description

The property comprises a freehold ground floor shop which provides additional storage and staff facilities to the rear, together with two WCs. There is a yard to the rear of the property and on street parking in close proximity. We understand the property currently benefits from A2 use although this has not been confirmed and interested parties are advised to make their own enquiries. Furthermore, planning consent has been granted for conversion to 3 bedsits. The residential upper parts have been sold on a long lease hold at a peppercorn rent.

Viewings

Strictly by appointment with sole agents

Terms

Freehold Guide Price : Offers in excess of £100,000

Rent £7,700 per annum Available on a new flexible full repairing and insuring lease for
a term to be agreed.

Business Rates

Rateable value: £7,400.

Uniform business rates payable for 2018-2019: £3,485
Source: voa.gov.uk

The above calculations are based on the following limitations:
• 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.

Other Costs

Each party to be responsible for their own legal costs incurred in
the transaction. Unless stated, all prices and rents are quoted exclusive of VAT.