A long established city centre restaurant with a valuable planning consent and 2am license for basement members club.
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.
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.
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.
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.
Woolston (0.9 miles)
Southampton Central (1.0 miles)
Bitterne (1.7 miles)