Hythe is a small town situated to the west of Southampton and located on the shore of Southampton Water. The town benefits from a ferry service travelling to and from Southampton Docks. The subject property is located within a popular parade of shops within a densely populated residential area. Neighbouring occupiers including One Stop, Oakhaven Hospice and Wessex Cancer Trust. The retail unit comprises ground floor sales area with WC facilities, a rear yard and a separate garage. The unit is currently fitted out as a hair salon with fixtures and fittings included and there is free parking available for 4 hours at the front of the parade.
Net Internal Area 62.71 sq m (675 sq ft)
We understand the current permitted use to be A1 (Retail). All parties are advised to make their own enquires of the local authority for confirmation.
Asset Rating - D100
Rateable Value£8,300* Source - voa.gov.uk The 2020/2021 standard multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Available by way of an effectively Full Repairing and Insuring Lease for a term to be agreed at an initial rent of £12,000 per annum inclusive of service charge and buildings insurance but exclusive of rates, VAT (if applicable) and all other outgoings.
We have been advised VAT is not payable on the rents.