Property Information
Address:
Former Drill Hall, Stanhope Road, Portsmouth
, PO1 1DS
Price: Property no longer available.
Size: 572 to 660 sqm
Primary Category: Shop
All Categories:
Leisure, Shop,
Property Ref/Movehut: MH642647
Property Ref/Agent: 3476
*Please use the agent ref when calling the agent directly.
Property description
Description
Substantial City Centre Unit
Total Size 659.50 sq m (7,099 sq ft)
Location
The property is located in Portsmouth city centre and is situated on the northern side of Stanhope Road, close to its junction with Commercial Road, which is one of the main shopping areas within the city.
Nearby occupiers include PRYZM nightclub, Travelodge, various student accommodation blocks and Portsmouth and Southsea train station.
Planning
We understand that the premises benefit from Class D2 use within the Use Classes Order 1987 (as amended).
The property would also lend itself to be used with Class A1 Retail, Class A3 Restaurant and Class A4 Drinking Establishment, subject to terms.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Accommodation
The accommodation forms part of a Grade II Listed building which is currently configured as a Gym, but would suit a variety of uses, subject to terms. Internally, the ground floor provides two large open plan areas, changing rooms (male and female) and offices. There is a mezzanine which is used as a studio.
We understand the accommodation to have the following approximate Gross Internal Area (GIA):
Ground Floor 571.50 sq m (6,152 sq ft)
Mezzanine 88.00 sq m (947 sq ft)
Total GIA 659.50 sq m (7,099 sq ft)
Business Rates / Council Tax Band
Rateable Value (2017): £36,250.
Should you require further information on Business Rates or your eligibility for rate relief, please contact our in house rating surveyor Daniel Green ().
EPC
We understand the property has an EPC rating of E(123)
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The property is available to let by way of a new (effectively) full repairing and insuring sublease for a term to be agreed at a commencing rent of £60,000 per annum exclusive.
The fixtures and fittings are available by separate negations.
Central position close to public car parks, bus and rail stations
Large student population within area
Mainly open plan unit
Ground floor 571.50 sq m (6,152 sq ft)
Currently configured as a gym (fixture and fittings available)
Suit other uses, such as Class A3 Restaurant and Class A4 Drinking Establishment
New FRI lease available
Rent £60,000 pax
Nearby occupiers include PRYZM nightclub, Travelodge, various student accommodation blocks and Portsmouth and Southsea train station
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