1 Albert Road

Southsea, PO5 2SE

370 sq ft
To Let
Retail

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Ground Floor Retail Unit

Property Type Retail
Tenure To Let
Size 370 sq ft
Rent £10,000 per annum
Business Rates Upon enquiry
Energy Performance Rating Upon enquiry

Key Features

  • Prominent Southsea Location
  • East Side of Albert Road
  • A1 Retail Use

Location

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 east side of Albert Road opposite the junction with Victoria Road South.

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.

Available area

The accommodation comprises of the following

NameSq ftSq mTenureAvailability
Unit - Sales area 370 34.37 To let Let
Total37034.37  

Description

1 Albert Road, a ground floor lock-up shop is currently configured to provide an open plan retail area, rear store and low level wc. There is scope to be reconfigured subject to tenants requirements.

Currently the property has A1 Retail Use Class however, it is also suitable for alternative uses subject to obtaining any necessary planning consents.

Terms

Guide Rent: £10,000 per annum.

Available on a new full repairing and insuring lease for a term to be agreed.

Business Rates

Rateable Value: £6,700 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.

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.

Additionally building insurance is also payable.