Units 1&2, 124-126 ABOVE BAR STREET, Southampton, SO14 7DU

Description
External Description
The two singe frontage units occupy the ground and basement floors of a three storey property above street level of mainly brick construction under a flat roof. The units will benefit from new glazed shop fronts. The upper floors are being redeveloped to provide 17 x 1 & 2 bedroom apartments.

Internal Description
The units are arranged over ground and basement floors and benefit from independent access to the front and shared to the rear (Park Walk). The units will be delivered to shell and core with capped off services ready for tenant fit out. The units can be let individually or as a whole.

Location
The property occupies a prominent mid-terrace position on Above Bar Street less than 25 metres north of the junction with Civic Centre road, 70 metres south of Guildhall Square and 270 metres north of the main pedestrianised retail area connecting to West Quay. The
unit is adjacent to Sprinkles Gelato and 128 Above Bar Street (which at July 2023 is under offer via Savills).

The area benefits from a diverse mix of commercial operators interspersed with residential accommodation, offices and public spaces. Hospitality operators include Nando’s, KFC, Turtle Bay, Revolucion de Cuba and Switch nightclub. Nearby is MAST (studios and theatre),
John Hansard Gallery, the O2 Guildhall entertainment space and University of Southampton’s Sir James Matthew Building. The units benefit from good visibility from the arterial Civic Centre Road which traverses the city east west connecting the motorway networks.

Southampton has several academic institutions in the city. The University of Southampton, Solent University and their campuses accommodate around 25,000 students. Southampton’s mainline railway station provides fast and frequent rail services to London Waterloo with a journey time of approximately 70 minutes. The following are approximate distances from the property: London 70 miles (113 km) Portsmouth 20 miles (32 km) Bournemouth 30 miles (48km) and Winchester 13 miles (21 km).

Tenure
Leasehold. Rental offers of £40,000 and £45,000 (per annum exclusive) are sought for Units 1 and 2 respectively for the benefit of a new lease with terms to be agreed. Suitable security will be required in the form of a rent deposit. The units should be ready for tenant occupation in early Q1 2024.

Service Charge
A service charge will be applicable and will be confirmed.

Rateable Value
The units will need to be reassessed for Rating purposes.

Planning
We understand the units will benefit from Commercial Use Class E (suitable uses may therefore include café/restaurant, retail, financial or business services) under The Town and Country Planning (Use Classes) Order 1987 (as amended). We recommend interested parties satisfy themselves on permitted use against any proposed use.

Services
We understand that electrical, water and drainage services are provides and capped off. Tenants will need to install all meters.

Energy Performance Certificate
The units have a rating of D-80.

Viewing
Please contact the Savills Licensed Leisure & Retail Team.