Property Information
Address:
36 Osborne Road, Southsea
, PO5 3LT
Price: Property no longer available.
Size: 83 to 209 sqm
Primary Category: Leisure
All Categories:
Leisure,
Property Ref/Movehut: MH642774
Property Ref/Agent: 3710
*Please use the agent ref when calling the agent directly.
Property description
Description
Licensed Bar Premises
Size 202 sq m (2,179 sq ft)
Location
Osborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure destination, with national and independent occupiers in the vicinity including Wetherspoons, Waitrose, Tesco, Natwest and Sainsburys.
The property is situated on the northern side of Osborne Road, on its junction with Portland Road, and a short walk away from the seafront.
Nearby by occupiers include Fox and Sons Estate Agents, Southsea Coffee, Barclays Bank and Andre's Food Bar.
Planning
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Accommodation
The property has the following approximate floor areas:
Ground Floor - 83 sq m (892 sq ft)
Basement - 9 sq m (100 sq ft)
Total First Floor - 73 sq m (783 sq ft)
Second Floor - 26 sq m (281 sq ft)
Third Floor - 18 sq m (194 sq ft)
Business Rates / Council Tax Band
Rateable Value (2017): £10,000.
As the RV is below £12,000 we believe 100% small business rate relief is possible.
EPC
To be confirmed.
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 lease for a term to be agreed at a commencing rent of £36,500 per annum exclusive.
Premium sough for fixtures and fittings of £50,000.
Central location within Southsea
Thriving retail and leisure destination
Ground floor 892 sq ft
First floor function room 783 sq ft
Fully fitted kitchen available
Rent £32,500 pax
Premium payable for fixtures and fittings
New FRI lease available, subject to vacant possession
Low Rateable Value
Nearby occupiers include Fox and Sons Estate Agents, Southsea Coffee, Barclays
Bank and Andre's Food Bar
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