The property occupies a prominent position fronting Archery Road, situated circa 3 miles from Southampton City Centre and 4.5 miles from J7 of the M27. The forecourt is fully tarmacked and the site comprises 0.39 acres; at fall capacity it has held 50 cars for sale with an additional 8 parking bays for customers and staff. A detached single storey brick building sits in the middle rear of the site and comprises tyre centre, offices and a workshop with MOT bay. The current business has excelled in the second hand motor trade from this site and we believe this is an excellent opportunity for other owner occupiers in a similar trade.
Alternatively, we are of the opinion that the site is suitable for residential or commercial development subject to obtaining the necessary planning consents. The area has been subject to several substantial developments in recent years, including Crest Nicholson Centenary Quay which has provided a new commercial hub of bars and restaurants and assisted in elevating resale values.
Historically the site was utilised as an Esso Petrol Filling station, we have been informed that all tanks have been removed and the ground sufficiently remediated. Further documents available upon request.
The site comprises an area of circa 0.39 acres.
Interested parties are to rely on their own planning enquiries with Southampton City Council.
Asset Rating - TBC
Rateable Value £27,800
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.
Offers considered in the region of £1,000,000 subject to contract for the freehold interest with vacant possession on completion.
Unconditional and subject to planning offers welcomed.
( Agency Pilot Software Ref: 7136 )