PO5 107-109 Elm Grove, Southsea

Ground Floor Retail Units Available - Under Refurbishment

107-109 Elm Grove are ground floor shops, currently configured to provide a retail sales area, toilet and cellular storage space to the rear. The property benefits from a class E use enabling it to be used as a shop, for professional or financial services such as an estate agent, or a café, restaurant, office or clinic. 109 has an additional basement, accessible via staircase within the property.

The properties can be let individually or combined. Each property has a x9Cx9 EPC rating.

Available on a new Full Repairing Insuring Lease for a term to be agreed at a commencing rent of:

- 107 x8 £10,500 pax

- 109 x8 £13,500 pax

- Combined x8 £22,000 pax

Rateable Value (Source: VOA):

- 107: £4,900

- 109: £6,600

* The premises may benefit from Small Business Rates Relief.

You are advised to make your own enquiries in this regard to the Local Authority before making a commitment to lease.

Building Insurance will be payable by the Tenant.

Service charge will also be payable.

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

VAT - It is understood the property is not elected for VAT.

Prominent Southsea Location

Established Position in Elm Grove

Popular Independent Retail

Pitch

Separate or Combined

May Qualify for SBRR*

The property is situated in Southsea in Portsmouth a major regional port and hub for commercial activity, forming part of the south coast conurbation. Elm Grove is situated on the edge of Southsea with Victoria Road North/ South to the east and Kings Road to the west.

The property is located a short distance from the Kings Theatre and nearby occupants include Co-Op, Southsea Deli, Alison Gardiner, Huis, and also consisting of independent specialist shops, bars and cafes.