Agency | Lease Advisory | Management | Rating | Valuation | Investment | Development

FOR SALE Retail Unit

NIA 63.84 sq m (687 sq ft)

Key Features

• Shop forms part of a local parade in a densely populated area

• Main road prominence

• Local on street parking

• Suit a variety of uses (STP)

• 100% small business rate relief is possible

• Freehold interest

• Price £110,000

• Nearby occupiers include Spar, Pizza Time, Dice and

Tom Framing

428 London Road, PortsmouthPO2 9LD

428 London Road, PortsmouthPO2 9LD

Offices in Brighton, Chichester and Portsmouth

Viewings and Further InformationPlease contact the sole agents Flude Commercial incorporating Garner Wood: portsmouthproperties@flude.com 023 9262 9000www.flude.com

PlanningWe understand that the premises benefit from Class A1 use within the Use Classes Order 1987 (as amended).

EPCWe understand the property has an EPC rating of C 69.

Business RatesRateable Value (2017): £5,400.

As the Rateable Value is below £12,000 we believe 100% small business rate relief is possible.

TermsWe have been instructed to market the property with vacant possession and quote a price of £110,000 for the freehold interest, subject to contract and the two long leasehold interests.

Legal FeesEach party to bear their own legal costs incurred.

LocationPortsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to the M3 and A3(M) and provides access to London and the wider national motorway network.

The property is situated on the main London Road midway between Hilsea roundabout and North End. The shop forms part of a local parade in a densely populated area, with the benefit of main road prominence and local on street parking.

Nearby occupiers include Spar, Pizza Time, Dice and Tom Framing.

AccommodationThe property comprises a three-storey terraced building with brick elevations under a flat roof. Internally, the ground floor is arranged as a self-contained retail unit with storage, a kitchen and WC facilities. There are two flats above, which have been sold on long leasehold interests.

Externally, there is an alleyway to the right of the property which leads to the side door access to the upper floor residential accommodation and a shared rear garden.

We have measured and calculate the accommodation to have an approximate Net Internal Area (NIA) of 63.84 sq m (687 sq ft).

Gross Frontage 5.25 mNet Frontage 4.52 m

VATWe understand that the property is not elected for VAT.

Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property.

Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.

We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and small business relief. 31 January 2020

428 London Road, PortsmouthPO2 9LD

Offices in Brighton, Chichester and Portsmouth

Floor Plan

For identification purposes only.

Location Maps