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Where great relationships yield the best property outcomes. Vail Williams is a national property adviser with ten offices based throughout the North, Midlands and South of England.

Vail Williams - Portsmouth

Description Conversion of the existing former department store building is well advanced to provide a mixed use scheme with commercial space at ground floor level and residential apartments over the upper floors. The scheme will preserve key architectural assets such as entrances, stairwells and glazing. Part of the commercial space at ground floor level is set to be occupied by a GP surgery. Two other units at ground floor are under offer. The last remaining unit fronts directly on to Palmerston Road. The unit will be provided in shell condition, with glazing & entrance doors and separate mains services as required. Location The building occupies a prime location fronting both Palmerston Road and Osborne Road in Southsea’s main shopping area. The centre is anchored by a Waitrose store and benefits from various shopper car parking. Palmerston Road is a busy thoroughfare with the pedestrianised section accommodating retail and leisure occupiers including Loungers, Coffee#1, New Look, Robert Dyas and WH Smith. Osborne Road has a thriving independent occupier scene, with retailers, coffee shops, bars and restaurants. Terms Available on new lease basis for a term to be agreed, subject to 5 yearly rent reviews. Planning The ground floor currently benefits from a Class E use but is suitable for a wide variety of alternative uses that could include retail, leisure and office. Rateable Value & EPC To be assessed. Legal Costs Each party to bear their own legal costs. VAT Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case. AML In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.

Property reference 21015-2. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Vail Williams - Portsmouth.

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 Mobile phone signal availability and predicted strength

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 Red: One bar, reliable signal unlikely 
 Amber: Two bars, may experience problems with connectivity 
 Green: Three bars, likely to have good coverage and receive a data rate to support basic web services 
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The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:
 
 <ul>
 <li>A refundable holding deposit (up to 1 week’s rent)</li>
 <li>A refundable tenancy deposit (up to 5 weeks’ rent (or 6 weeks’ rent if the annual rent is £50,000 or more))</li>
 <li>A payment to alter the tenancy agreement, when requested by the tenant (up to £50 inc VAT, or reasonable costs incurred if higher)</li>
 <li>Payments associated with early termination of the tenancy when requested by the tenant</li>
 <li>Interest, at a rate of up to 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)</li>
 <li>A default fee for the replacement of a lost key or security device</li>
 <li>Payments to service providers in respect of utilities, communication services, TV licence and council tax</li>
 <li>Other payments, permitted under appropriate legislation, including damages.</li>
 </ul>
 
 A letting or property management agent in England must also be a member of a property redress scheme and a member of a client money protection scheme. For further information, or a copy of their membership certificates, please contact the agent directly.

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