ADDRESS106A East Street, Southampton, Hampshire, SO14 3HH
TYPERetail - High Street, Retail
POSTED ON12th December 2020
East Street is a retail pitch in Southampton located between High Street/Above Bar and Queensway. The continued regeneration of the immediate area, including the redevelopment of the former Bargate Centre and East Street shopping centre, has cemented East Street as a well-positioned retail location with the impending sharp increase of nearby residence. The subject property comprises ground floor sales area and first floor office/ancillary.
Net Sales Area - 589 sq ft - (54.74 sq m) Office 1 - 160 sq ft - (14.91 sq m) Office 2 - 317 sq ft (29.44 sq m) Kitchen - 82 sq ft (7.62 sq m) Total Net Internal Are - 1,149 sq ft - (106.71 sq m)
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquires of the local authority for confirmation.
Asset Rating - D76
Rateable Value £11,000 Source www.voa.org.uk The 2020/2021 standard multiplier is 0.499 (4.99p payable per £1). The 2020/2021 small business 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 £17,500 per annum exclusive of rates VAT (if applicable) and all other outgoings. ( Agency Pilot Software Ref: 7045 )