Hythe is a small town situated to the west of Southampton and located on the shore of Southampton Water. The town benefits from a ferry service travelling to and from Southampton Docks. The subject property is located on Pylewell Road with nearby occupiers including Domino's, Waitrose, Enfields Enstate Agents and Fred Olson Travel Agents. There are public car parks in close proximity. The two storey property comprises ground floor sales area with kitchen and WC and first floor office/ancillary with a kitchen and WC. There is a separate entrance for each floor therefore potential to split .
Ground Floor sales area - 381 sq ft (35.39 sq m) Kitchen - 29 sq ft (2.69 sq m) First Floor Office - 270 sq ft (25.08 sq m) Kitchen - 29 sq ft (2.69 sqm) Total Net Internal Area - 709 sq ft (65.85 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 enquiries of the local authority for confirmation.
Asset Rating - C75
Rateable Value £12,000 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.
The ground floor and first floor office is available to let separately or as a whole on new Full Repairing and Insuring leases for terms to be agreed at initial rents of: Ground Floor - £11,500 per annum First Floor - £4,000 per annum Whole - £15,500 per annum All rents are exclusive of rates, VAT (if applicable) and all other outgoings. Please note VAT is payable on the rents.