Retail property (high street) to rent
Property description & features
- Prominent Southsea Location
- Albert Road
- Modern Fit out
- Additional Storage
- X1 Parking Space
- Multiple Use Considered (STP)
Currently the property has E Class however, it is also suitable for alternative uses subject to obtaining any necessary planning consents.
Albert Road is situated in the heart of Southsea with Victoria Road North to the west and Eastney Road to the east, via Highlands Road. The subject premises are situated on the east side of Albert Road opposite the junction with Victoria Road South.
The property is located directly opposite the Wedgewood rooms, with other local occupiers consisting of Subway, Post Office, Costa Coffee, Goldchem Pharmacy and many more. It is also a short distance from the King's Theatre.
Guide Rent: £20,000 per annum.
Available on a new full repairing and insuring lease for a term to be agreed.
Rateable Value: £7,700 pa.
You are advised to check the rates payable with the local council before making a commitment.
*Small Business Rates Relief of 100% is available for ratepayers occupying a single property with a rateable value up to and including £12,000 from 1 April 2017.
Each party to be responsible for their own legal costs incurred in the transaction.
Building Insurance - £TBC
VAT - We understand that the property is elected for VAT.
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