Lock Up Retail Unit To Let, 44b High Street, Cosham, Portsmouth, PO6 3AG

The subject premises comprise of a ground floor lock-up shop set behind an aluminium shop frontage which currently has a sales area with rear kitchenette and w.c. facilities. The accommodation benefits from being refurbished throughout, having prominent roadside frontage and rear access.

Ancillary storage/offices are located on the first floor which is additional to the ground floor retail space. This is not currently demised within the current lease, but is to be included as part of any agreement. Further details available on request. The property also benefits from having a right to use the parking area to the rear for up to 5 cars.
( Agency Pilot Software Ref: 2408 )

Location

Cosham town centre is located approximately 4 miles north of Portsmouth City Centre, close to Junction 12 of the M27 motorway. 44b High Street is situated in a prominent position close to the junction with the pedestrianised area amongst national retailers including Boots, W H Smith, Costa Coffee and Tui Travel Agents.

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition and has the following approximate net internal area:
Ground Floor Sales 783 sq ft (72.72 sq m )
First Floor Offices/Stores 287 sq ft (26.68  sq m )
Total Net Internal Sales Area 1,070 sq ft (99.40 sq m )

Terms

£13,400 per annum. The premises are held on a full repairing and insuring lease for the remainder of a 6 year term commencing on 14th November 2017 (expiring 2023) with a Tenant break option and rent review on the 14th November 2020. Available by way of an assignment or sub-lease to fall outside the provisions of the Landlord and Tenant Act 1954 Part II (subject to terms being agreed). Further details available on request.

Energy performance Certificate Rating D-80

Rateable Value
Shop & Premises - £14,750 / Source: www.gov.uk/correct-your-business-rates

Other Costs
Building insurance is also payable. Unless stated, all prices and rents are quoted exclusive of VAT.

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

Specification

• 783 sq. ft. (72.72m²)
• Prominent roadside frontage
• Parking for up to 5 cars
• Rear access for loading