The premises has the following approximate floor area, measured on a net internal basis:

Total area 50 sq m 535 sq ft

The premises are being offered by way of a new 6-year tri-partite lease. The lease will be contracted out of the security of tenure and provisions of the 1954 Landlord & Tenant Act. Standard Railway Lease Terms will apply. The lease will not permit assignment or sub-letting. If the tenant requires a longer lease then subject to Network Rail Infrastructure Limited, a longer term may be available. The incoming tenant will be expected to pay the landlord and if a longer lease is required, the superior landlords costs associated with the grant of this lease.

Offers in the region of £19,000.00 per annum plus vat along with supporting turnover rent provision. Interested parties should send information on their organisation along with a brief outline of their business and the products they sell.

The tenant will make a contribution towards the landlord’s building insurance of £410 per annum plus vat.

There is currently no service charge for the premises but the landlord reserves the right to introduce any service charge in the future. 

The tenant will be responsible for all utilities, business rates and insurance. 

Any works required will need to be undertaken by professional qualified contractors. The incoming tenant will be required to provide detailed annotated shop fit plans and signage proposals demonstrating a high quality shopfit. The works and signage will require the Landlord's consent and technical consent of the Superior Landlord, Network Rail Infrastructure Limited.

The payment of business rates will be the responsibility of the tenant.
The Valuation Office Agency advise that the premises are Local authority (Portsmouth City) reference 177510160710.
The rates liability for the property is as follows: -
Rateable Value: £28,500.00
Based on the current multiplier of 0.512 for 2023/24 Rates Payable 23/24 rate year: £14,592.00
*An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.

EPC rating D, certificate number 9000-3941-0398-5127-3034.

Viewing is by appointment only through sole agents. For further details relating to this property
please contact us:

Eva Puchowska – Portfolio Manager
Email: eva.puchowska@amey.co.uk
Tel: 07808 395714

Ian Chalmers – Account Manager
Email: ian.chalmers@amey.co.uk
Tel: 020 7921 2935