Former Regal Cinema, 2 Market Place, BH24

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Key Points

Summary

Four available units within popular market town location

Description

The former Regal Cinema in Ringwood’s Market Place occupied the former Corn Exchange building, which dates back to 1868. It was converted for use as a Picture House in around 1914, and in 1931 was named Victoria Cinema. It was re-named Regal Cinema and later converted into a shopping centre with squash court and nightclub. It finally closed its doors in 2015 and has remained closed since.

The property comprises a two storey terraced building. The building is of traditional stone and brick construction with a part mansard, part flat, part pitched roof.

The property is being sensitively and comprehensively redeveloped to provide up to 4,940 sq ft of commercial space and 1 x 3 bed units, 11 x 2 bed units and 8 x 1 bed units.

Location

The property is located in the popular market town of Ringwood in the New Forest National Park. The property is just a short distance from the Furlong Shopping Centre between Ringwood High Street and the B3347, leading to the A31. The surrounding properties are largely commercial based operators including the Original White Harte pub (Marston’s) adjacent.

Ringwood is situated on the River Avon, 8.4 miles north of Bournemouth International Airport and to the east of Southampton.

Availability_text

The accommodation comprises the following areas:

Accommodation

We understand the building can be split to create a number of different spaces to suit the requirements of the specific occupier / end user (subject to the retained space being accessible/lettable).

Units have the ability to be amalgamated to provide up to 459 (4,940 sq ft).

Tenure

Offers are invited for a new leasehold interest in the units. The lease will be drawn on effectively full repairing and insuring terms. The lease length is negotiable.

The rent payable and incentives provided will be subject to the quantum of space leased and subject to status/covenant.

Planning

We understand the property currently benefits from Class E use.

Rating

The Rateable Value for the individual units will be assessed upon completion of the unit.

Specification

The units will be delivered to a shell and core condition with capped services.

EPC

The energy performance of the individual units will be assessed upon completion of the development.

Viewing

For a formal viewing, strictly by appointment with Savills.