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Retail Property (high street) to rent

1-2 Hanover Buildings,Southampton,SO14

Let Agreed 3,735 sq. ft. | £59,500 pcm| £13,731 pw

Property Description

Commercial information

  • 3,735 sq ft (346 sq m)
  • Use class orders: A1 Shops

Key features

  • Situated between West Quay Shopping Centre and Above Bar
  • A1 (retail) Use
  • City Centre Location
  • Retail unit arranged on basement and ground floors
  • Nearby Occupiers Include: Primark, Boots and Topshop
  • Busy Trading Position

Full description

Description:
Southampton is an important industrial, retail and residential city, the main influences being the good road and rail network communications. The city has a busy retail centre serving a resident population of around 235,000 people (2001 census). The prime pitch is contained between West Quay Shopping Centre and Above Bar where most retailers such as Marks & Spencer, John Lewis, and BHS are represented.

The subject property is located very close to the prime frontage of Above Bar.

The property comprises a mid terrace retail unit arranged on basement and ground floors.
The ground floor is now accommodated to use as a retail shop and has a double width fully glazed display frontage. It has a single WC and kitchenette to the rear of the ground floor and access to a rear lobby and staircase which leads to the basement and also to upper floor accommodation which has been sold off.

Accommodation:

Ground Floor:  Square Foot:  Square Metre:  
Sales and Ancillary  2,110  196.06  
ITZA  1174  109.08  
Basement  1625  151  
Total Net Internal Area  3735  347.05  
Gross Frontage    12.45  
Net Frontage    9.6  
Areas stated on a Net Internal basis and measured in accordance with the RICS Code of Measuring Practice 6th Edition.

EPC:
Asset Rating - G-164

Planning:
We understand the current permitted use to be A1 Retail with alternative uses considered subject to planning. All parties are advised to make their own enquiries of the local authority for confirmation.

Rating Assessment:
Rateable Value - 65,000
Source - voa.gov.uk

The 2013/2014 standard multiplier is 0.471 (47.1p payable per 1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation.


Terms:
Available to lease on a new full repairing and insuring lease for a term to be agreed at an initial rent of 59,500 per annum exclusive, subject to regular rent reviews.


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