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Retail property (high street)

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01962 278784

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Retail property (high street)

0 bed

0 bath

1,232 sq ft / 114 sq m

Property description & features

To Let – end terrace ground floor commercial unit
Central Southampton, high footfall position
Opposite LIDL, close to Bargate Quarter, West Quay & Above Bar
Passing rent: £22,000 plus VAT
Available now by way of a lease assignment
Net sales area of 1,232 sq. ft. / 114 sq. m.
Unit has been partially stripped out
Staff kitchen and WC, plus customer toilets
Rear access via Castle Way service road

An end of terrace ground floor commercial unit, within a parade of shops in an area of high retail footfall. The space is broadly rectangular and presently comprises a mainly open-plan interior (please note that the prior occupier’s fixtures and fittings will require removal), with staff areas and customer WCs. The unit has a suspended ceiling, internal security shutter, glazed frontage extending to 4m40, air-conditioning units and condensers housed to the rear, where there is also an access from the Castle Way service road.

ACCOMMODATION
We have undertaken a measured survey which identified a net internal area (NIA) of 1,232 sq. ft. / 114 sq. m.

TENURE
Available now by way of an assignment of the existing 10-year lease dated 17th January 2022, at a passing rent of £22,000 plus VAT, exclusive of any utilities, business rates, buildings insurance and service charge, as applicable. There is an option to exercise a break in January 2027.

Subject to covenant strength, the landlord may consider granting a new lease on separate terms to be agreed.

RATEABLE VALUE
Online enquiry via indicates a rateable value of £20,250 effective from 1st April 2023, suggesting business rates liability of c. £10,000 pa. Tenants should always verify this information with the Local Authority.

LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in any transaction. VAT will be added to the rent quoted.

EPC RATING
Rated C (52) and valid until 25th June 2034.

VIEWINGS
All enquiries and appointments to view must be made via sole agent Trinity Rose Commercial on[use Contact Agent Button].

The premises occupy a very prominent and central location on Southampton’s High Street with LIDL opposite, and in close proximity to the new Bargate Quarter development, West Quay and Above Bar Street. Tesco Express is nearby and the area is home to a variety of retail, office and restaurant outlets including Wetherspoons, Coriander Lounge and the Mercure Dolphin Hotel and Signature Restaurant. Other businesses include Howden Insurance, Coral, Costa, Sprinkles Gelato, HMV and The Gym Group.

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Places of interest

Trinity Rose Commercial - Hampshire

First Floor, Trinity House, 123 Winchester Road Chandler's Ford, Hampshire SO53 2DR

01962 278784

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Saving our clients time, effort and money by helping them make the very best commercial property decisions every time. Making sense of opportunities and challenges within the commercial property sector is about understanding both the property and the client’s needs. We are passionate in delivering exceptional service and demonstrating we have fully understood our client’s requirements. It’s the detail that truly matters. Our skill is in asking all the right questions, whether acting for commercial property landlords or an occupying tenant. Our Commercial team enthusiastically supports our growing estate agency network, whilst building further on our reputation across the wider South Coast region. With a wealth of experience in retail, offices, industrial, care and leisure sectors we provide independent advice to our commercial property clients, across the city and the wider Hampshire and Surrey regions. Established in 2010, Charters Commercial has been highly active and influential across all commercial property sectors, responsible for many high profile transactions. Our wealth of experience in all landlord and tenant matters has also allowed successful negotiation of numerous commercial leases. Charters Commercial is an expanding team with an excellent reputation for its bespoke approach and commitment to its clients.

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