2 London Road, Portsmouth, Hampshire, PO2

Description

Local Public House Opportunity with Outside Seating
Total Size - 109.89 sq m (1,183 sq ft)

Location

Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/ A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.

The property is situated on the eastern side of London Road in North End, which is an established retail location and a densely populated suburb of Portsmouth. Nearby occupiers include Papa Johns, Aldi and Layls Pharmacy.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO uses that were categorised under the former UCO as A4, A5 and some D2 uses (cinemas, concert halls, bingo halls and dance halls) are now regarded as a Sui Generis use. We therefore understand that the use of the subject premises is a Sui Generis use.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.


VAT

We understand the property is registered for VAT.

Accommodation

The accommodation comprises of a ground floor unit which has previously been used as a pub. The premises has a large open bar area with fitted bar from the previous tenant. To the rear there is further storage and a kitchen area to provide a food offering. There are male and female toilets with rear access to a yard which provides further seating.

The premises would lend itself to suit a similar use or food offering STP.

We have measured and calculate the premises to have a NIA of 109.89 sq m (1,183 sq ft).


Business Rates / Council Tax Band

The Rateable Value is currently calculated on a turnover basis for a public house. The Rateable Value is currently £6,750.

Occupiers would need to make their own enquiries.

EPC

We understand the property has an EPC rating of B.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £22,000 per annum exclusive.