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126 High Street, Southampton, SO14 2AA
1,580 to 1,850 Sq Ft / Retail / Retail - High Street
Withdrawn - Last updated: 12 July 2022
Description
The subject property is located on the High Street in the centre of Southampton within a lively dining and leisure area. Westquay Shopping Centre and Above Bar is located approximately half a mile north and within 10 minute walking distance.
The surrounding area has undergone large scale regeneration which included the re-development of the fruit market into a complex comprising 84 one-bedroom and 195 two-bedroom apartments.
This is in addition to the impending re-development of the derelict Bargate Centre into a mixed use scheme comprising retail, dining and residential accommodation.
The Grade II Listed Building comprises a open plan ground floor sales area and large basement comprising individual rooms.
Accommodation
Retail Sales Area - 867 sq.ft (80.56 sq.m)
Ancillary - 49 sq.ft (4.60 sq.m)
Basement - 664 sq.ft (61.65 sq.m)
Total Net Internal Area - 1,580 sq.ft (146.81 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 - D87
Rating
Rateable Value £16,750
Source www.voa.org.uk The 2021/2022 small business multiplier is 0.499 (XXX payable per £1). The 2020/2021 small business multiplier is 0.499 (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.
Terms
Available by way of a new effectively full repairing and insuring lease for a term to be agreed at an initial rent of £18,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
( Agency Pilot Software ref: 301 )
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