Centenary Quay Waterside Development, Woolston, Southampton, SO19 9UE

Description
CENTENARY QUAY IS ONE OF SOUTHAMPTON’S PREMIER MIXED USE WATERSIDE DEVELOPMENTS LOCATED IN THE SUBURB OF WOOLSTON ON THE EASTERN SIDE OF THE RIVER ITCHEN.

Residential housing is at the core of this phased development with 1,118 dwellings consented and a further 164 in the pipeline, situated amongst exciting office, live-work and commercial spaces.

Existing leisure and hospitality operators in the development include Snap Fitness, Mettricks Café, Quayside Bar & Dining Restaurant and Vivid Beauty. The global headquarters for Ocean Infinity, the high tech marine robotics company, are located close by.

The 52,021ft2 commercial opportunity, which can be split to suit occupiers, is located in the centre of Centenary Quay with direct access to the waterside providing views of Ocean Village opposite.

Location
Southampton is the central south’s global gateway city with the port routes connecting to 70 destinations worldwide in addition to Southampton International Airport. The area has substantial upgraded rail and road infrastructure which links London (80 miles to the north-east), Portsmouth (20 miles south east) and Winchester (13 miles north).

The city attracts over four million visitors a year and is home to the University of Southampton and Solent University; the campuses accommodate c.25,000 students in addition to a substantial office and residential population. The population is currently 254,275 (mid-year estimate 2016).

The opportunity is located in the suburb of Woolston less than 3 miles east of Southampton City Centre across the Itchen Bridge and 3.5 miles west of the M27 (J8). Woolston benefits from a densely populated residential catchment with a variety of local amenities including a Lidl supermarket.

The Opportunity
THE OPPORTUNITY PROVIDES A SUBSTANTIAL GROUND FLOOR PROPERTY, WITH SOME MEZZANINE AREAS, BENEATH RESIDENTIAL APARTMENTS.
The space was originally constructed to accommodate a supermarket and can be configured to provide different unit sizes from approximately 1,490ft2 up to 23,320ft2, subject to requirements. Indicative plans and areas are provided. Floor to ceiling heights are currently approximately 5.46m in the main units, 5.89m in the foodstore and 3.37m in the workspace areas. Units RU13/14 are also available located just opposite the main development.
Most units benefits from glazed retail elevations facing the main central public square or John Thorneycroft Road.
The units are provided to shell and core with capped off electrical services and drainage provided (final specifications to be agreed subject to unit configuration).
The units will benefit from stairwell and lift access to a 300 space underground car park.

Planning
We understand the property benefits from Commercial Use Class E under the Town and Country Planning (Use Classes) Order 1987 (as amended). Suitable uses may include retail, restaurant, leisure and fitness or business services.
We recommend interested parties seek independent clarification.

Terms
The units are offered on new lease terms to be agreed with a guide rent from £16.00/ft2.
Service charge and rates are payable in addition. Incentives are available. Stamp Duty Land Tax and VAT will be applicable at the going rate. Each party will be liable for their own legal costs.

Rateable Value
The property will need to be independently accessed for Rating purposes.

Viewings
Available upon request via joint agents Savills or Keygrove. Please contact Chris Bickle at Savills' Licensed Leisure & Retail or Martin Hastelow in Commercial Office Agency Teams.