LONG LEASEHOLD FOR SALE

Arranged over two floors, the property is of traditional masonry construction. The ground floor comprises of a banking hall, interview rooms, back office functions and a strong room. The first floor comprises of a kitchenette/ staff room, stores and female/male toilets. The property benefits from a rear yard accessed via Dorking Crescent which provides off-street car parking. Tenure The property is held on an existing fully repairing and insuring lease for a term of 99 years expiring 28th September 2034. An annual rent of £160 is payable quarterly. Terms The property is available by way of assignment. Quoting premium, offers in the region of £19,000 exclusive. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £17,520 and the rates payable are £8,707.44 pa. The UBR for 2017/2018 is 49.7p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Cosham is a popular suburb of Portsmouth, lying within the city boundary but to the north of Portsea Island in Hampshire. It is located about 73 miles south west of London, 20 miles east of Southampton and 5 miles north of Portsmouth city centre. Centrally located the property occupies a prominent position on the High Street where there is a good range of local and national occupiers. Major retailers within the immediate local vicinity include: NatWest Bank, Domino’s Pizza, Peacocks and Boots.
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Sizes and Measurements

Total Size

1,877sqft

Sales Area

1,374sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,374sqft

Status

Under offer

Available from

Now

First Floor

Details

Non-Sales

Size

503sqft

Status

Under offer

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Lease type

Assignment

For rent

Price On Application

UBR

49.7p

Ratable Value

£17,520.00

Business Rates

£8,707.44/pa

Specification

  • Central Pitch 
  • Rear off-street parking (4 spaces approx)

Floorplan

Photos

COSHAM PHOTO

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
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