106 East Street, Southampton, SO14 3HH

Description



Southampton is the largest city and principal commercial centre in Hampshire along the South Coast, situated 75 miles southwest of London and 19 miles northwest of Portsmouth.

The property occupies a City Centre trading position fronting East Street, mid-way between junctions with High Street and Queensway and which forms a busy shopping thoroughfare linking to Debenhams Department Store, with a variety of other nearby traders including Costa, Sellys Hair and Beauty, The Dojo Barbershop and other local and national occupiers.

The premises comprise a ground floor shop unit with partitioned ancillary office storage and separate WC, with additional ancillary storage space at basement level. The premises also benefits from one dedicated parking space, within the shared rear car park, with vehicular access from Back of the Walls.



Accommodation



Sales Area 523 sq.ft (48.59 sq.m)
Store 35 sq.ft (3.25 sq.m)
Basement Storage 309 sq.ft (28.71 sq.m)
Total Internal Area 867 sq.ft (80.55 sq.m)



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 - D(81)



Rating



Rateable Value £XXX
Source www.voa.org.uk The 2022/2023 small business multiplier is 0.499 (XXX payable per £XXX). 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.



Terms



Available by way of a new full repairing and insuring lease for a term to be agreed at £XXX per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is payable on rents.



All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.




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