PO7 Unit 17, London Road, The Boulevard, Waterlooville

The property comprises a two storey premises with retail space on the ground floor, together with storage and a WC above.

The Boulevard is an attractive pedestrian precinct comprising 21 retail units located in the centre of Waterlooville. It is a busy location which connects London Road and Dukes Walk Shopping Centre.

There are two car parks nearby which provide around 250 parking spaces.

Nearby occupiers include Scrivens, Hays Travel, Costa, British Heart Foundation, Holland and Barrett Barnardo's, Card Factory and Waterlooville Library.

Please click the link to read more on the Boulevard, Waterlooville and see what is on offer: https://shopwaterlooville.co.uk

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

VAT

We understand the property is registered for VAT.

Accommodation

The accommodation has the following approximate Net Internal Area (NIA):

Business Rates / Council Tax Band

Rateable Value (2023): £12,250.

The occupier may be entitled to some Small Business Rate relief, which can range from 92% to 8%.

In addition, following the Government's latest budget, all occupied retail, hospitality & leisure properties receive a 40% discount from 1st April 2025 until 31st March 2026. Subject to annual cash cap of £110,000 per business and qualifying use.

EPC

We understand the property has an EPC rating of C.

Legal Fees

Each party to bear their own legal costs incurred.