The Corn Exchange, Market Place

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Key Points

Summary

Historic Grade II* Listed building situated in very prominent retailing area of Romsey

Description

The property is a well-known Grade II* Listed building, an iconic feature of Romsey town centre for over 150 years. It was originally built in 1864 next to the Corn Market and local farmers traded their grain here, hence the name ‘Corn Exchange’. It was designed as a ‘pair’ with the Town Hall.

The property provides substantial retail space, encompassing the ground floor and basement:

• The largely open plan ground floor extends to approximately 1,542 sq ft (143sqm)
• The basement extends to approximately 1,259 sq ft (117sqm)
• The first floor could provide an additional 1,492 sq ft (138sqm)

Location

Romsey is a historic Hampshire market town located on the edge of the New Forest National Park, serving a population of 18,000 people. The town is situated 3 miles north of the M27/M271 intersection, which in turn links to the M3 motorway providing good road access. Southampton city centre is 9 miles to the south. Rail services are also available at Romsey station (Waterloo – 1 hour 42 minutes).

The property is located in Market Place, near to other popular retail and commercial premises, in the heart of the busy town centre. There are market stalls selling a range of bread, pastries, fresh produce, arts and craft, gifts etc six days a week further enhancing footfall.

Other occupiers close by include WH Smith, Specsavers, Natwest, Costa, Cafe Nero, Fat Face, Bradbeers department store, Boots, Waitrose and TSB, amongst numerous others.

Tenure

Rental Offers of £75,000 per annum for the entire ground floor and basement. The lease terms are subject to negotiation.

Rating

With effect from 1 April 2023 the property will have a rateable value of £38,000.

EPC

The ground floor and basement has an EPC Rating of D – 81.

Planning

We understand the property is Grade II* Listed and situated within the Romsey Town Centre Conservation Area.

Viewings

The former bank has closed therefore all viewings must be arranged by prior appointment via the sole agents Savills.