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

TO LET Class A3 Restaurant Premises

Total Size 108.55 sq m (1,168 sq ft)

Key Features

• Central location within Southsea

• Thriving retail and leisure destination

• New FRI lease available

• Rent £10,000 pax

• Premium sought for lease

• No VAT

• 100% rate relief possible

• Nearby occupiers include Debenhams, Waitrose,

Southsea Coffee, The Greenwich Brewpub and

Algarve’s Grill

31 Osborne Road, SouthseaPO5 3LR

31 Osborne Road, SouthseaPO5 3LR

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 A3 use within the Use Classes Order 1987 (as amended).

The occupier also benefits from a Premises Licence for the sale of alcohol, performance of live music and late night refreshment.

EPCTo be confirmed.

Business RatesRateable Value (2017): £8,700.

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

VATWe understand that the property is not elected for VAT.

LocationOsborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity including Debenhams, Waitrose, Southsea Coffee, The Greenwich Brewpub and Algarve’s Grill.

The property is situated on the northern side of Osborne Road, close to its junction with Ashburton Road and a short walk away from the seafront.

AccommodationThe property comprises a ground floor retail unit which benefits from a Class A3 use. Internally, the accommodation provides open plan sales area, WC facilities, kitchen (not fitted out, but benefits from an old extraction fan) and storage. Externally, there is rear access and bin storage.

Although not fitted as a restaurant currently, it was historically configured as a Lebanese restaurant with around 44 covers.

We have measured and calculate the accommodation to have an approximate Net Internal Area (NIA) of 108.55 sq m (1,168 sq ft).

TermsThe property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £10,000 per annum exclusive.

A premium is sought for the new lease.

Legal FeesThe prospective tenant will be required to contribute to the costs incurred in this transaction.

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. November 2019

31 Osborne Road, SouthseaPO5 3LR

Offices in Brighton, Chichester and Portsmouth

For more information on our products and services:www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601

6011

50 metres

Southsea

Experian Goad Plan Created: 06/11/2019Created By: Flude Commercial

Copyright and confidentiality Experian, 2019. © Crowncopyright and database rights 2019. OS 100019885

Location Maps

For identification purposes only.

For more information on our products and services:www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601

6011

50 metres

Southsea

Experian Goad Plan Created: 06/11/2019Created By: Flude Commercial

Copyright and confidentiality Experian, 2019. © Crowncopyright and database rights 2019. OS 100019885