63 Elm Grove

At a glance

Key Points

• Prominent Southsea Location
• Class E Use
• Established Position in Elm Grove
• Popular Independent Retail Pitch

Description

63 Elm Grove, is a ground floor shop, currently configured to provide a retail sales area, toilet and storage space on the ground floor. There is also a basement level that offers retail potential as well, and was previously fitted out with beauty rooms.

The property benefits from a class E use class 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.

Available area

The accommodation comprises the following areas:

The Location

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.

Local occupiers include Tesco Express, Debra, Honest Politician, Bread Addiction, Scoops, and Huis.

Specifications

- Concrete floor
- Partial extract system
- 3 phase electric
- Fire System
- LED Lights
- CCTV system
- Electric shutter
- Airconditioning

Terms

Available on a new effective Full Repairing Insuring Lease for a term to be agreed at a commencing rent of £20,000 per annum exclusive.

Business Rates

Rateable Value - £10,750 (Source VOA).
* 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.

Other Costs

Building Insurance - £TBC (DATE)
Service charge - £895.72 for the current service charge year (DATE)
Each party to be responsible for their own legal costs incurred in the transaction.
VAT - It is understood the property is elected for VAT