Building 003, Fort Southwick, James Callaghan Drive, Portsmouth, PO17

Description

Substantial Class E Building with Parking
Total Size - 446.68 sq m (4,808 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.

Fort Southwick is located on James Callaghan Drive, which is just off Portsdown Hill Road and around 4 miles from the M27.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

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 property comprises a detached single storey building which is currently arranged as an office with WC's and kitchen. Externally, there is also parking for 33 cars.

The subject accommodation has an approximate Net Internal Area (NIA) of 446.68 sq m (4,808 sq ft).


Business Rates / Council Tax Band

Rateable Value (2023): £42,250.

Interested parties should make their own enquiries to satisfy themselves of their business rates liability.

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 full repairing and insuring lease for a term to be agreed at a commencing rent of £50,000 per annum exclusive.

The building insurance is approximately £650 per annum.