Romsey is a small market town situated in Hampshire providing easy access to Southampton, Winchester and Salisbury. There is great public transport available with the train station and bus station located a short walk north east and south respectively.
The subject property is located within the town centre in a prominent position on Latimer Walk which provides pedestrian access from Waitrose into the prime shopping area of Romsey.
Latimer Walk is a modern mixed use development consisting of 7 high quality retail shops, plus offices and residential above.
Retail occupiers include Cook, Cork and Bean, His n Kids, Humbugs Sweetshop and Countrywide Estate Agents.
Internally the property provides excellent open plan sales area with double shop front and return frontage providing excellent display potential. Whilst there are currently two separate offices that have
been created, these can be removed if necessary, subject to terms.
Sales Area - 978 sq.ft (90.82 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.
Rateable Value £22,500
Source www.voa.org.uk The 2021/2022 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 effectively Full Repairing and Insuring Lease for a term to be agreed at an initial rent of £29,500 per annum exclusive of rates, VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs.
Note: We are advised VAT is payable on the rents.
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