Business Summary

SITUATION AND DESCRIPTION

Located in the lower end of Southampton High Street, directly opposite the Linden Homes ‘French Quarter’ redevelopment and close to numerous other restaurant, bar and similar users. The property comprises the Ground Floor of the former Head Post Office being in part a listed building the upper floors of which have been converted to luxury flats. The surrounding area has seen much regeneration in the recent past with numerous luxury residential schemes having been completed and others in progress or planned.

Comprising an open plan restaurant area with attractive road frontage and ancillary basement storage areas. The premises are currently in an unfurnished state ready for completion to a bespoke design subject tenants requirements.

ACCOMMODATION

Accommodation – Unit A
Gross Internal Area (approx)
Ground Floor
Restaurant Area: 3130 sq ft (290.95 sq m)
Lobby Area: 134.5 sq ft (12.5 sq m)
Service Area: 45.32 sq ft (22.8 sq m)
Basement 1500 sq ft
(estimation- not measured)
Rear Fire Escape/ Service access. Space for one car.

Accommodation – Unit B
Gross Internal Area (approx)
Ground Floor
Restaurant Area: 1462 sq ft (135.9 sq m)
Rear Fire Escape/ Service access. Space for one car

RATEABLE VALUE - £55,000

U.B.R. 2013/2014: Payable; 46.2% (if eligible for small rate relief), otherwise 47.1%

Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance

TERMS

A new lease is offered for a term of between 15 and 35 years on effective FRI terms with 5 yearly rent reviews.

RENT

Unit A - £37,500 p.a. exclusive of rates and service charge
Unit B - £17,500 p.a. exclusive of rates and service charge

PLANNING

We understand that consent also exists for A2 office and A1 retail use.

VIEWING AND FURTHER DETAILS

Strictly by appointment through this office, through whom all negotiations are to be conducted.

ESTATE AGENTS ACT 1979

An interest is declared by virtue of a shareholding in the Landlord Company.

UNDER NO CIRCUMSTANCES IS ANY DIRECT APPROACH TO BE MADE TO THE BUSINESS

Property Details

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