London Road, Waterlooville
£35,000 Per Annum (Tenant Fees)

COMMERCIAL UNIT LONDON ROAD Rent - £35,000.00 per annum (£2916.00pcm)
Available floor space Circ. - 2223sq ft (206.6sq m)
Current Use Class: Class E (Previously A1 Shops)

Description
Comprising a ground floor retail area to the front with a shop front onto London Road pedestrian area, with a rear office/store, housing the kitchenette and WC.

Retail Space
Circ. 133sq m (1431sq ft)
Store/Office Space
Circ. 79sq m (850sq ft)

Location
The property is superbly located on London Road Waterlooville (PO7 7HG) fronting onto the pedestrian walkway. This is a developing area offering an exciting mix of retail and commercial properties.

Viewings
Strictly by appointment with sole letting agent, Marina & Hampshire Life Homes

Lease
The property is available by way of a new internal repairing and insuring lease for a term of years to be agreed.

Legal Cost
Each party is to bear their own costs incurred.

VAT
VAT is currently not charged at this property.

RATEABLE VALUE Current rateable value (1 April 2023 to present) £17,500 as identified on the gov.uk website, see link below:
https://www.tax.service.gov.uk/business-rates-find/valuations/start/2301462000
Potential tenants should satisfy themselves of the correct rateable value and any rates payable.


Letting Fees Information
We are a member of Propertymark (which includes their Client Money Protection Scheme) and The Property Ombudsman. The information given below is provided to ensure you are fully informed of any fees and costs involved in renting a property through Marina Life Homes Limited.

All fees & charges are shown inc VAT.

Holding deposit (per tenancy):
One week's rent - Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy, Rent of less than £50,000 per year):
Five weeks' rent. This covers damage or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy, Rent of £50,000 or over per year):
Six weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent:
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key(s) or other Security Device(s):
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant's Request):
£50 (inc VAT) per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.

Change of sharer (Tenant's Request):
£50 (inc VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution.

Early Termination (Tenant's Request):
Should the tenant wish to leave their contract early, they shall be liable to the landlord's costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.