Unit 1/L (126), 126 Above Bar Street, SO14

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Key Points

Summary

Southampton City Centre - TO LET USE CLASS E COMMERCIAL - Unit (1) Approx. GIA 1,884 sqft Rent £50,000 pax (£26.60 per sqft overall)

Description

External Description
The single frontage unit occupies the ground and basement floors of a three storey property above street level of mainly brick construction under a flat roof. The unit benefits from new glazed shop fronts. The upper floors and part ground floor are being developed to provide 17 x 1 & 2 bedroom apartments.

Internal Description
The unit is are arranged over ground and basement floors and benefits from independent access to the front and shared to the rear (Park Walk).

Location

The property occupies a prominent mid-terrace position on Above Bar Street less than 25 metres north of the junction with Civic Centre road, 70 metres south of Guildhall Square and 270 metres north of the main pedestrianised retail area connecting to West Quay. The
unit is adjacent to Sprinkles Gelato and 128 Above Bar Street is occupied by Spar.

The area benefits from a diverse mix of commercial operators interspersed with residential accommodation, offices and public spaces. Hospitality operators include Nando’s, KFC, Turtle Bay, Revolucion de Cuba and Switch nightclub. Nearby is MAST (studios and theatre),
John Hansard Gallery, the O2 Guildhall entertainment space and University of Southampton’s Sir James Matthew Building. The units benefit from good visibility from the arterial Civic Centre Road which traverses the city east west connecting the motorway networks.

Southampton has several academic institutions in the city. The University of Southampton, Solent University and their campuses accommodate around 25,000 students. Southampton’s mainline railway station provides fast and frequent rail services to London Waterloo with a journey time of approximately 70 minutes. The following are approximate distances from the property: London 70 miles (113 km) Portsmouth 20 miles (32 km) Bournemouth 30 miles (48km) and Winchester 13 miles (21 km).

Availability_text

The accommodation comprises the following areas:

Specifications

The unit is delivered to shell and core with electrical meter (single phase) and capped off water and drainage services, ready for tenant fit out. WCs are installed in the basement unit.

Tenure

Leasehold. Rental offers of £50,000 per annum exclusive are sought for Unit 1 for the benefit of a new lease with terms to be agreed. Suitable security will be required in the form of a rent deposit.

Service Charge

A service charge will be applicable and will be confirmed.

Rateable Value

The unit will need to be reassessed for rating purposes.

Planning

We understand the unit benefits from Commercial Use Class E (suitable uses may therefore include café/restaurant, retail, financial or business services) under The Town and Country Planning (Use Classes) Order 1987 (as amended). We recommend interested parties satisfy themselves on permitted use against any proposed use.

Energy Performance Certificate

The unit has a rating of D-80. Updated EPCs may be commissioned.

Viewing

Please contact the Savills Licensed Leisure & Retail Team.

Extract Restrictions

Due to the size of the dry riser and length of run to the roof area (approx. 17 metres) we anticipate that extract cannot be provided and that any catering equipment may need to have charcoal filters. Standard air conditioning ducting should be able to be installed in the riser to roof level/condenser location.