The property comprises substantial first floor premises with mezzanine and a ground floor entrance lobby, forming part of Regal Buildings. The most recent use has been for a nightclub and as such the dance floor is the main focal point of the premises and is surrounded by a mezzanine viewing area. There are various other rooms for ancillary storage and office use.
Location
Eastleigh is a busy market town situated approximately 5 miles to the north of Southampton City Centre, 8 miles south of Winchester and with a main line railway station linking to London Waterloo. Southampton Airport is approximately ½ mile to the south.
The property is located in Market Street, Eastleigh close to the pedestrianised precinct of Leigh Road. Market Street boasts a number of national occupiers including, Peacocks, Superdrug and Costa, there are also more specialist local occupiers in the Street. Most recently a M & S Simply Food has opened in a purpose built unit just on the edge of the town centre.
Accommodation
Approximately 10,750 sq ft (998.87 sq m) The premises have not been formally measured, figures used are in accordance with Valuation office website.
Terms
Rent - £53,750 per annum exclusive of business rates, VAT, service charge and insurance premium payable quarterly in advance by standing order.
Lease - The premises are available on a new lease for a term to be agreed with periodic rent reviews.
Service Charge - Commercial premises are often subject to a service charge in respect of the upkeep, management and maintenance of common parts within the estate. We would therefore urge all applicants to make further enquiries as to the existence or otherwise of service charge outgoings.
Rateable Value - £66,500 (from 1.4.17)
EPC Rating - G - 160
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
VAT - Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.