Retail premises to let in 92 Elm Grove, Southsea PO5

Description

92 Elm Grove, is a ground floor shop, currently configured to provide a retail sales area, toilet and cellular storage space to the rear. The property benefits from a class E use class enabling it to be used as a shop, for professional or financial services such as an estate agent, or a café, restaurant, office or clinic.

Location

The property is situated in Southsea in Portsmouth a major regional port and hub for commercial activity, forming part of the south coast conurbation. Elm Grove is situated on the edge of Southsea with Victoria Road North/ South to the east and Kings Road to the west.

The property is located a short distance from the Kings Theatre and nearby occupants include Co-Op, Southsea Deli, Alison Gardiner, Huis, and also consisting of independent specialist shops, bars and cafes.

Terms

Available on a new Full Repairing Insuring Lease for a term to be agreed at a commencing rent of £18,000 per annum exclusive.

Business Rates

Rateable Value - £10,500 (Source voa).

* The premises may benefit from Small Business Rates Relief.

You are advised to make your own enquiries in this regard to the Local Authority before making a commitment to lease.

Other Costs

Building Insurance - Currently £648.93 per annum.
Each party to be responsible for their own legal costs incurred in the transaction.
VAT - It is understood the property is not elected for VAT