ADDRESS9 South Parade, , Totton, Southampton, SO40 3PY
TYPERetail - High Street, Retail
TENURETo Let, For Sale Freehold
POSTED ON10th 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.
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
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 - TBC
Rateable Value Unit 9 £5,000*
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 a new full repairing and insuring lease for a term to be agreed at £12,500 per annum 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: 6896 )