Retail premises to let in 10 Charter House, Lord Montgomery Way, Portsmouth PO1

Description

The property is a ground floor, mid terrace premises which consists of a ground floor sales area with W/C at the rear. There is also a basement with small kitchenette.

The property lends itself to various potential uses, including retail and office use (STP). However, the property prohibits the sale of alcohol, and would not be suitable for take-aways that require an extract. There is no parking with the property.

Local occupiers include Subway, Hideout coffee, Ibis, Greggs, and the University of Portsmouth.

Location

The property is located in Portsmouth which has a substantial commercial hub and port situated along the south coast forming part of the expanding south coast conurbation.

The property is on the A3 and situated on Lord Montgomery Way a busy arterial road within Portsmouth leading from M275 to Southsea.

Terms

The property is available immediately to let on a new effective full repairing and insuring lease at a rent of £17,000 per annum, on terms to be arranged.

Specifications

* Ground floor and Basement
* Part LED lights
* Concrete floor
* Gas boiler/heating
* Fire Alarm
* Vinal flooring

Business Rates

Rateable Value: £10,250 (Source - voa)

You are advised to liaise with the local authority on your business rates requirements.

EPC

A new EPC has been commissioned and will be updated accordingly.

Other Costs

Service Charge - Currently £1,860 per annum
Buildings Insurance - Currently £617.32 per annum.
Legal Costs - Each party to bear their own costs incurred in the transaction.

VAT - It is understood that VAT is not applicable