Bacaro, Ironside House, Canutes Pavilion Car Park, Southampton, SO14 3TN
Size
2,627
Tenure
Leasehold
EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Restaurant
No floor / site plan
Key features
- Long leasehold commercial investment to 2127
- Entire property let to Bacaro 21 Limited
- Restaurant property arranged over ground floor and part first floor with an external terrace
- Approximate Gross Internal Area (GIA) 2,627 sqft (244 sqm)
- Current rent of £50,000 per annum lease expires December 2033
- The rent is subject to an open market review in December 2031
- We are instructed to invite offers in excess of £550,000 (8.67% NIY) Business unaffected by sale
Description
The property comprises the ground and upper floor of a single and two storey semi-detached building with brick elevations beneath a pitched slate roof.
Location
Bacaro is situated with dual frontages to Canute Road to the north and Ocean Village’s developments to the south. Nearby occupiers include Casa Brasil, Figurati, Maritimo Lounge (Loungers), Blue Jasmine and Banana Wharf. Southampton is home to the University of Southampton and Solent University with their campuses accommodating 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).
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenant’s staff. For further information and all viewing requests please contact the sole selling agents Savills.
Terms
We are instructed to invite offers in excess of £550,000 (8.67% NIY) assuming the usual purchaser’s costs.
Tenure
The property is held on a the remainder of long lease expiring 31 March
2127 (Title Number HP639001) at a peppercorn rent, if demanded.
The entire property is let to Bacaro 21 Limited on a lease with a reversionary 5 year term from 17 December 2028 to 16 December 2033 at a passing rent of £50,000 per annum which is subject to a rent review in 2031 to open market. The Tenant has provided a personal guarantee. The
Tenant pays an annual service charge which is £3,804 for the period 1 April 2026 - 31 March 2027.
The Business
The property trades as Bacaro, an independent Venetian-style restaurant and bar located in the well know Ocean Village marina development.
The business was establised in 2016 and has been leased since 2022. The business is not affected by the sale.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
Bacaro, Ironside House, Canutes Pavilion Car Park, Southampton, SO14 3TN
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Disclaimer - Property reference 427250-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Southampton - Licensed Leisure . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.