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1 Albert Road, a ground floor lock-up shop is currently configured to provide an open plan retail area, rear store and low level wc. There is scope to be reconfigured subject to tenants requirements.
Currently the property has A1Retail Use Class however, it is also suitable for alternative uses subject to obtaining any necessary planning consents.
Guide Rent: £10,000 per annum.
Available on a new full repairing and insuring lease for a term to be agreed.
Rateable Value: £6,700 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.
Unless stated, all prices and rents are quoted exclusive of VAT.
Additionally building insurance is also payable.
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 a short distance from the King's Theatre and nearby occupants consisting of a mixture of national chain retailers and independent specialist shops.