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Fully Fitted Pub / Restaurant for Rent, 19 London Road, Portsmouth, PO2 0BQ

4,599 to 7,869 Sq Ft / Leisure / Pubs/Bars/Clubs

Withdrawn - Last updated: 25 April 2019

Fully Fitted Pub/Restaurant

• Situated in established retail & residential location • Prominent character building • Spaciously laid out & could provide 150 covers • Extended trading hours • FRI lease until 2043 • Passing rent £60,000 pax • Fixtures and fitting available (subject to terms) • Nearby occupiers The Tap, Specsavers and Lidl

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 western side of London Road in North End, which is an established retail location and a densely populated suburb of Portsmouth. Nearby occupiers include The Tap, Specsavers and Lidl.

 

Accommodation

The property comprises a prominent character building which is configured as a full fitted pub / restaurant over ground and first floors. Internally the accommodation is spaciously laid out and provides 120 covers together with a bar area. There is a kitchen and storage at the rear.

We have measured and calculate the accommodation to have the following approximate Gross Internal Area (GIA):

Ground floor 427 sq m (4,599 sq ft)
First floor 303 sq m (3,270 sq ft)
Total 731 sq m (7,869 sq ft)

Terms

The property is available by way of an assignment of the existing full repairing and insuring lease due to expire on 12 June 2043. The passing rent is £60,000 per annum exclusive, subject to five yearly open market (upward only) rent reviews with the next review due on 13 June 2023. A copy of the lease can be made available upon request.

Premium offers are invited for our client's leasehold interest and the fixtures an fittings. Further details on application.

Specification

We understand that the premises benefit from Class A4 use within the Use Classes Order 1987 (as amended).

Premises can trade between the hours of 10:00 and 00:30 Sunday to Thursday and 10:00 and 1:30 Friday and Saturday.
We understand that the property is not elected for VAT.
 

 

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