Retail premises to let in High Street, Southampton, Hampshire SO14

An end of terrace ground floor commercial unit, within a parade of shops in an area of high retail footfall. The space is broadly rectangular and presently comprises a mainly open-plan interior (please note that the prior occupier’s fixtures and fittings will require removal), with staff areas and customer WCs. The unit has a suspended ceiling, internal security shutter, glazed frontage extending to 4m40, air-conditioning units and condensers housed to the rear, where there is also an access from the Castle Way service road.

Accommodation

We have undertaken a measured survey which identified a net internal area (NIA) of 1,232 sq. Ft. / 114 sq. M.

Tenure

Available now by way of an assignment of the existing 10-year lease dated 17th January 2022, at a passing rent of £22,000 plus VAT, exclusive of any utilities, business rates, buildings insurance and service charge, as applicable. There is an option to exercise a break in January 2027.

Subject to covenant strength, the landlord may consider granting a new lease on separate terms to be agreed.

Rateable value

Online enquiry via indicates a rateable value of £20,250 effective from 1st April 2023, suggesting business rates liability of c. £10,000 pa. Tenants should always verify this information with the Local Authority.

Legal costs and VAT

Each party is expected to bear their own legal costs in any transaction. VAT will be added to the rent quoted.

EPC rating

A new assessment has been commissioned, the property was previously rated C (68).

Viewings

All enquiries and appointments to view must be made via sole agent Trinity Rose Commercial on .<br /><br />The premises occupy a very prominent and central location on Southampton’s High Street with lidl opposite, and in close proximity to the new Bargate Quarter development, West Quay and Above Bar Street. Tesco Express is nearby and the area is home to a variety of retail, office and restaurant outlets including Wetherspoons, Coriander Lounge and the Mercure Dolphin Hotel and Signature Restaurant. Other businesses include Howden Insurance, Coral, Costa, Sprinkles Gelato, hmv and The Gym Group.