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46 Osborne Rd 1,675 sq ft of Retail Space Available in Southsea PO5 3LT
Highlights
- Heavy daytime foot traffic
- Strategic location
- Excellent connectivity
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rate
- Type
| Space | Size | Term | Rate | Type | ||
| Ground | 1,675 sq ft | 10 Years | £20.90 /sq ft pa £1.74 /sq ft pcm £35,000 pa £2,917 pcm | Fully Repairing & Insuring |
Ground
The property is available to let by way of a new (effecvely) full repairing and insuring lease for a term of 10 year leases with a five year break opon and open market rent review (upward only) at a commencing rent of £35,000 per annum exclusive. The landlord requires a six month rent deposit and personal guarantor. There is also a premium for the fixtures and fings. Further informaon on request. The accommodaon comprises a self-contained restaurant premises arranged over ground floor and basement levels. Internally, the property provides seang for approximately 50 covers and includes a serving bar, fully fied kitchen, food preparaon areas and customer WCs. The basement offers ancillary storage accommodaon. The unit is currently operated as a successful, horror-themed classic cocktail bar and restaurant. While the exisng occupier is not offering the business for sale, they would be prepared to assign the established branding, website and forward bookings, providing immediate trading connuity. The operaon benefits from a 4-star food hygiene rang and a strong digital presence, with in excess of 5,000 Instagram followers.
- Use Class: E
- Fully Fit-Out as a Restaurant or Café Space
- Security System
- Secure Storage
- Energy Performance Rating - C
- Smoke Detector
- Large shopfront windows
- Lots of natural light
- Kitchen and preparation area
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing agent for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Property Facts
| Total Space Available | 1,675 sq ft | Net Internal Area (NIA) | 2,189 sq ft |
| Property Type | Retail | Year Built | 1880 |
| Property Subtype | Shopfront Retail / Residential |
| Total Space Available | 1,675 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Residential |
| Net Internal Area (NIA) | 2,189 sq ft |
| Year Built | 1880 |
About the Property
Osborne Road, Palmerston Road and Marmion Road form the main commercial centre of Southsea. The area is a popular, established retail and leisure desnaon, with naonal and independent occupiers in the vicinity including Waitrose, Queens Hotel, Southsea Coffee, Wannops and Agarve's Grill. The property is situated on the southern side of Osborne Road, close to its juncon with Netley Road and a short walk away from the seafront.
- Bus Route
- Security System
- Air Conditioning
Nearby Major Retailers
Presented by
46 Osborne Rd
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