18 East Street, Southampton, SO14 3HG

Description

East Street is a retail pitch in Southampton located between High Street/Above Bar Street and Debenhams on Queensway. The continued regeneration of the immediate area, including the redevelopment of the former Bargate Centre and East Street shopping centre, has cemented East Street as a well-positioned retail location with the impending sharp increase of nearby residence.

The subject property comprises well configured retail space over ground and first floor level.

There is rear access with rights for loading and unloading.

Accommodation

Ground floor
Net sales area 1,966 sq ft 182.66 sq m
Kitchen 51 sq ft 4.71 sq m
WC's
First Floor Net sales/Ancillary 968 sq ft 89.94 sq m
Total sales 2,934 sq ft 272.60 sq m
Areas stated are measured on a Net Internal Area and in accordance with the RICS Code of Measuring Practice 6th Edition.

Planning

It is understood to be A1 (Retail). All parties to make their own enquiries of the Local Authority for confirmation.

Rating

Rateable Value £19,250
Source - voa.gov.uk
The 2016/2017 standard multiplier is 0.497 (XXX payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation.

Terms

Available by way of a new Full Repairing and Insuring lease for a term to be agreed at an initial rent of £29,500 per annum exclusive of rates, VAT (if applicable) and all other outgoings.
Note: it is understood that VAT is not payable on rent.

Ground floor sales 182.66 sq.m (1,966 sq.ft)

Major regeneration in immediate area with mixed use schemes permitted.

First floor sales/ancillary 89.94 sq.m (968 sq.ft)

New lease

City centre location

Nearby occupiers include Greggs, Ladbrokes, Costa, Card Factory and Lidl.








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