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Former Sadlers Bar & Smokehouse, 74-76 London Road

For sale: £650,000.00|To rent: £55,000.00 Per Annum|6935 Sq Ft|Pubs/Bars/Clubs, Restaurants/Cafes, Licensed & Leisure

PROPERTY DETAILS

FOR SALE£650,000.00
TO RENT£55,000.00 Per Annum
SIZE6935 Sq Ft
ADDRESSFormer Sadlers Bar & Smokehouse, 74-76 London Road, Southampton, SO15 2AJ
TYPEPubs/Bars/Clubs, Restaurants/Cafes, Licensed & Leisure
TENURETo Let, For Sale Freehold, For Sale Leasehold
POSTED ON22nd October 2020

DESCRIPTION

Key Points

  • Freehold and Leasehold offers invited
  • Prominent two-storey property in central suburban high street
  • Fully fitted ground floor and basement with commercial uses
  • 2 x first floor self-contained flats (with income potential)
  • 2.00am licence for sale of alcohol throughout week
  • Includes commercial kitchen
  • Overall Gross Internal Area approx 642 Sq M (6,935 Sq Ft)
  • Summary

    Prominent two-storey property in central suburban high street

    Description

    The property occupies the basement, ground and first floor of an of end-terrace property which benefits from a return frontage to Ordnance Road. The building is of brick construction with painted elevations under a shed-type roof with single storey flat and pitched roof extensions to the rear. The ground floor comprises a “U”-shaped open plan trading area set around a prominent open-kitchen and bar servery section. The unit is currently configured to provide 118 seated covers. A good sized basement provides further ancillary space including customer WCs, cold room and storage facilities. Accessible WCs are located at ground floor.

    Viewings

    For a formal viewing please contact the sole letting agents, Savills. The property is currently closed to trade.

    Location

    The unit is located in one of Southampton’s well established eating and drinking out areas which is centred around London Road, Bedford Place and Carlton Place just north of the city centre. Operators in the vicinity include London Road Brewhouse, Giddy Bridge (JD Wetherspoon), Starbucks, Orange Rooms, The Social and Rebel Nightclub. Southampton Crown Court is located opposite. Southampton is a key regional city and home to The University of Southampton and Solent University whose campuses accommodate around 25,000 students. The city’s population is currently 256,459 (SAPF 2018 estimate). Two self-contained flats are accessible from the Ordnance Road frontage and benefit from the following configuration: Flat 1 - 3 x bedrooms, reception with balcony, kitchen, utility room, bathroom and separate WC. Flat 2 - 2 x bedrooms, kitchen / dining room with terrace, living room with balcony and bathroom.

    Terms

    Leasehold. The landlord is prepared to consider the grant of a new Full Repairing and Insuring free of tie lease with terms to be agreed. The guide rent is £55,000 per annum exclusive of VAT.

    Specifications

    We understand the property benefits from a pavement licence for tables and chairs on the London Road frontage. Further details to be provided.

    LOCATION

    Location: Former Sadlers Bar & Smokehouse, 74-76 London Road, Southampton, SO15 2AJ

    Southampton Central (0.6 miles)

    St Denys (0.9 miles)

    Bitterne (1.2 miles)

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