The property is located in a prominent roadside position along Princes Street. The City Centre is located approximately 2 miles south west and the M27 is easily accessible via A3024.
The property comprise a detached two storey office with 9 allocated parking spaces. Internally the office is largely open plan with a number of smaller rooms plus store areas.
Whilst currently used as an office, the property also has scope for a variety of other uses including medical / health, retail and place of worship.
Ground Floor 3,210 sq.ft
First Floor 2,778 sq.ft
Total NIA 5,988 sq.ft
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.
The property is within an area allocated for major redevelopment by Southampton City Council's Local Plan.
Asset Rating - D84
Rateable Value £39,000
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 full repairing and insuring lease for a term to be agreed at £80,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Consideration may be given to a sale of the freehold interest with vacant possession subject to contract.
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