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1 New Road

To rent: £27,000.00 Per Annum|2097 Sq Ft|Retail - High Street, Retail

PROPERTY DETAILS

TO RENT£27,000.00 Per Annum
SIZE2097 Sq Ft
ADDRESS1 New Road, Hythe, SO45 6YU
TYPERetail - High Street, Retail
TENURETo Let
POSTED ON21st September 2020

DESCRIPTION

Summary

On the instruction of Barclays Bank Plc

Location

Hythe is a satellite town of Southampton. The property occupies a prominent trading position on the eastern side of New Road near its junction with St John’s Street. The property is a short walking distance from the high street and benefits from rear loading and dedicated parking for c.7 cars. Both Waitrose and Lidl trade from the town whilst notable retailers on the high street include Scrivens, Costa Coffee, Boots, Superdrug and the Post Office.

Accommodation

The property is arranged over ground and first floors with the following approximate dimensions and net interanl floor areas:- Gross Frontage | 5.79 m | 19 ft 0 ins Internal Width (max) | 16.81 m | 55 ft 2 ins Shop Depth | 11.89 m | 39 ft 0 ins Ground Floor Sales | 151.25 sq m | 1,628 sq ft Ground Floor Stores | 19.14 sq m | 206 sq ft First Floor Staff/Stores | 24.43 sq m | 263 sq ft

Tenure

The property is available by way of an assignment of Barclays existing lease. The Premises are held on a lease expiring 1st January 2027. If flexibility is needed, there is a Tenant only break clause at 1st January 2022. Alternatively, the landlord may grant a new shorter or longer lease as suits.

Legal Costs

Each party is to be responsible for their own professional costs.

Rates

Zero payable until 1st April 2021 as a Government tax break following the Covid 19 Pandemic. Prior to that: Rateable Value £25,250 Rates payable £12,397.75

LOCATION

Location: 1 New Road, Hythe, SO45 6YU

Woolston (2.3 miles)

Netley (2.4 miles)

Southampton Central (2.7 miles)

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