ADDRESS9/9a South Parade, , Totton, Southampton, SO40 3PY
TYPEOffice, Retail - High Street, Offices, Retail
TENURETo Let, For Sale Freehold
POSTED ON29th June 2020
Totton is situated approximately 6 miles to the west of Southampton via the A31/A36. The subject property is located within Totton town centre in an established retail position forming part of a parade of shops with adjoining users including Motor World, Micheal Rhodes Estate Agents and Lloyds Pharmacy. The parade is located in a prominent position, although set back from the main road by means of a service road, visible to passing traffic and with on street car parking facilities. The two storey property comprises ground floor retail with a front sales area, middle office/storage room and a rear kitchen/staff room. The first floor is self contained with access externally from the side and comprises two offices, a kitchen and two WCs. There is parking at the rear for approximately 3/4 cars.
Unit 9 Sales area 340 31.55 Office/storage 179 16.61 Kitchen/staff room 111 10.29 Storage 84 7.83 Total 713 66.28 Unit 9a Front office 333 30.96 Rear office 180 16.74 Kitchen 17 1.57 Total 530 49.27 Total Net Internal Area 1,244 115.55
We understand the current permitted use to be A1 (Retail) on ground floor and A2 (Financial and Professional Services) on first floor. All parties are advised to make their own enquires of the local authority for confirmation.
Asset Rating - TBC
Rateable Value Unit 9 £5,000* Unit 9a £6,100* 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.
Offers sought in the region of £225,000 for the freehold with vacant possession, subject to contract. Alternatively, the ground floor retail and first floor office is available to let separarately or as a whole on new Full Repairing and Insuring leases for terms to be agreed at initial rents of: Unit 9 (ground floor)- £12,500 per annum Unit 9a (first floor) - £6,500 per annum Whole - £19,000 per annum All rents are exclusive of rates, VAT (if applicable) and all other outgoings. Please note VAT is payable on the rents and purchase price. ( Agency Pilot Software Ref: 223 )