Retail premises to let in Unit 5, The Gallery Arcade, Portsmouth PO2

Key Points

Description

The property comprises a ground floor lock-up shop unit, within the busy recently renamed Gallery Arcade. The property benefits from shared cloakroom facilities.

The Gallery Arcade has undergone refurbishment.

Location

The premises are situated towards the northern end of the main shopping area within The Gallery Arcade which is positioned on the Western side of London Road.

London Road forms part of one of the main thoroughfares leading into the city from Hilsea, connecting with Kingston Road to the south.

Terms

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

The rent is £3,600 pa Exclusive of VAT.

Availability_Text

The accommodation comprises the following areas:

Rateable Value

Rateable Value £1,800 per annum

This property will benefit from Small Business Rates Relief and you are therefore advised to make your own enquiries in this regard to the local authority before making a commitment to lease.

Other Costs

Legal Costs - Each party to bear their own costs incurred in the transaction.
Service charge - £245.10 per annum for the current term
Building Insurance - £90.30 pa for the current term

VAT - Not applicable.