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Simon's Bar Kitchen, Southampton, Oxford House,

For sale: POA|3157 - 6601 Sq Ft|Restaurants/Cafes, Pubs/Bars/Clubs, Licensed & Leisure

PROPERTY DETAILS

FOR SALEPOA
SIZE3157 - 6601 Sq Ft
ADDRESSSimon's Bar Kitchen, Southampton, Oxford House,, 35-36 Oxford Street, Southampton, SO14 3DS
TYPERestaurants/Cafes, Pubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON8th September 2020

DESCRIPTION

Key Points

  • Elegant vintage character city centre restaurant and bar
  • Located in established independent leisure, retail and commercial area
  • Ground floor restaurant (80) and separate bar (50)
  • Pavement seating to front (60)
  • Ground floor with 1.00am sale of alcohol licence
  • Includes basement with valuable 2.00am licence and Member’s Club use
  • Overall Gross Internal Area approx. 613 Sq M (6,601 Sq Ft)
  • Remainder of 250 year lease from August 2003 at peppercorn rent
  • Subject to occupational lease at £80,000 per annum
  • Potential to split to provide 3 units
  • Summary

    A long established city centre restaurant with a valuable planning consent and 2am license for basement members club.

    Description

    The property occupies the ground and basement floors of a mid terrace property known as Oxford House and benefits from a prominent glazed double frontage. The restaurant and bar occupy the ground floor; the basement has been refurbished to shell and core ready for fit-out. Basement access is currently via the ground floor and exploratory works to provide self-contained access are underway. The upper floors currently provide residential accommodation (not included). We understand the Landlord is prepared to consider consider splitting the ground floor units.

    Viewings

    For a formal viewing please contact the sole letting agents, Savills. Staff may not be aware of the sale and your discretion is appreciated, particularly if visiting as a customer.

    Location

    The property is situated on Oxford Street which is a well known independent food and beverage location south of Southampton's city centre. The property is located 0.5 mile (750m) north west of the waterside hub of Ocean Village which comprises a marina development, offices, residential housing, hotel, bars and restaurants.

    Premium

    Offers are invited for the benefit of the unexpired term of the Headlease.

    Tenure and Lease Information

    Head lease is for a term of 250 years from 28 August 2003 and is subject to an occupational lease commencing 27 January 2016 expiring 13 October 2033. The passing rent is £80,000 per annum exclusive. Rent reviews are five yearly with the next in October 2023.

    LOCATION

    Location: Simon's Bar Kitchen, Southampton, Oxford House,, 35-36 Oxford Street, Southampton, SO14 3DS

    Woolston (0.9 miles)

    Southampton Central (1.0 miles)

    Bitterne (1.7 miles)

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