Regal Buildings, 1 Market Street, Eastleigh, Hampshire, SO50 5RL

Description

The property comprises a large ground floor retail unit providing a predominantly open plan sales area with a wide glazed frontage.

Location

The property occupies an established commercial position in Eastleigh town centre, benefitting from a strong residential catchment, consistent footfall and excellent connectivity via the M3, M27 and Eastleigh railway station. The surrounding area provides a mix of national retailers, independent occupiers and professional services, making the property suitable for a range of Class E uses.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

The accommodation has the following approximate Net Internal Area (NIA):

Business Rates / Council Tax Band

Rateable Value (2026): £31,750

Occupiers will pay approximately 38% of this per annum.

EPC

We understand the property has an EPC rating of C (expiry date - 18/10/2027).

Legal Fees

Each party to bear their own legal costs incurred.