13 Latimer Street, Romsey, SO51 8DF

Description



Romsey is an affluent market town located 7 miles north west of Southampton and 11 miles south west of Winchester.

The town has a breadth of national, regional and local retail occupiers including M and Co, Costa, Cafe Nero, Boots, WHSmith, NatWest, Aldi, Fat Face and Bradbeers Department Store.

Latimer Street provides a direct pedestrian link between The Hundred and Waitrose which guarantees a good level of footfall.

The premises comprise high quality fit out retail space on the ground and first floor. It benefits from a basement and a kitchenette and WC to the rear.



Accommodation



Ground Floor Sales Area 195 sq ft 18.1 sq m
Kitchen 41 sq ft 3.84 sq m
Store 36 sq ft 3.35 sq m
First Floor 196 sq ft 18.25 sq m
Total Net Internal Area 469 sq ft 43.54 sq m
Areas stated are measured on a Net Internal basis and in accordance with the RICS Code of Measuring Practice 6th Edition



Planning



Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.



EPC Text



Asset Rating C 63



Terms



Available by way of an assignment of an existing lease granted for a term of 5 years expiring on 25th February 2024 with a passing rent
of £11,000 per annum exclusive of rates, VAT and all other outgoing. There is approximately 2 years remaining on the lease.

Note: We understand VAT is payable.



Rating



Rateable Value £6,700*
Source - voa.gov.uk
The 2018/2019 standard multiplier is 0.493 (XXX payable per £1). This determines what
business rates are payable. All parties are advised to make their own enquiries for confirmation.
*If you qualify as a 'small business' you may be eligible for substantial relief in connection with
business rates payable. We advise all parties speak to the local authority in the first instance for
confirmation.
( Agency Pilot Software ref: 5774 )