The premises occupy a 100% prime location in Commercial Road immediately adjoining the principal entrance to the Cascades Shopping Centre and Marks & Spencer and opposite Boots. Other nearby traders include H & M, River Island and Primark.
The premises are arranged over ground, first and second floors with the following approximate dimensions/areas:
Gross Frontage 36 ft 8 in 10.25 m
Shop depth 62 ft 9 in 19.12 m
Internal Width 31 ft 10 in 9.70 m
Ground Floor 1,800 sq ft 167.23 sq m
First floor 2,564 sq ft 238.20 sq m
Second floor 2,768 sq ft 257.15 sq m
There are WC and staff facilities on the second floor, with a loading bay also at this level serviced from the Cascades shopping centre adjoining.
The premises are currently amalgamated with Unit 56 the Cascades under a separate lease with the outgoing tenant being obliged to reinstate the dividing wall. This space provides approximately 500 sq ft and a return frontage to the centre. A new lease would be available and interested parties should contact the centre agents: Filippa.Mudd@struttandparker.com
0207 318 4627
A new full repairing and insuring lease is available for a term to be agreed.
£170,000 per annum, exclusive of business rates and VAT subject to 5 yearly upward only rent reviews.
The property has an energy rating of E (118). The full report is available on request.
The property is currently assessed to include unit 56 The Cascades with a Rateable Value of £242,000.
However, this would be reduced if let on its own. Further enquiries can be made of Portsmouth City Council or via the Valuation Office Agency website (www.voa.gov.uk).
Each party to be responsible for their own legal costs incurred in the transaction.
For further information please contact: