107-109 Elm Grove
Southsea, PO5 1LHThe Space
Ground Floor Retail Units Available - Under Refurbishment
At a glance
| Property Type | Retail |
| Tenure | To Let |
| Size | 522 to 1,583 sq ft |
| Rent | £10,500 - £13,500 per annum |
| Business Rates | Upon Enquiry |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as C |
Portsmouth and Southsea
12 mins
Fratton
13 mins
Portsmouth Harbour
20 mins
Hilsea
56 mins
Reading
898 mins
Twyford
934 mins
Tadworth
978 mins
Tattenham Corner
990 mins
Key Points
- Prominent Southsea Location
- Established Position in Elm Grove
- Class E Use
- Popular Independent Retail Pitch
- Separate or Combined
- Under Refurbishment
- May Qualify for SBRR*
Description
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 "C" EPC rating.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit - 107 | 522 | 48.50 | Available |
| Unit - 109 | 560 | 52.03 | Available |
| Basement - 109 | 501 | 46.54 | Available |
| Total | 1,583 | 147.07 |
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.
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.
Terms
Available on a new Full Repairing Insuring Lease for a term to be agreed at a commencing rent of:
- 107 = £10,500 pax
- 109 = £13,500 pax
- Combined = £22,000 pax
Business Rates
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.
Other Costs
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.
