Second and Third Floor, 11 Portland Street, Southampton, SO14 7EB

Description



The premises are located in Southampton City Centre in a mainly commercial position between Southampton's prime retail positions of West Quay Shopping Centre and Above Bar Street which also provides excellent amenities including restaurants and cafes within West Quay Watermark. There is a great supply of the city's green space nearby including Watts Park, East Park, Palmerston Park and Houndwell Park. The property therefore provides a great platform for companies to attract staff who are searching for the right balanced environment to work in. Southampton Central train station is a very short walk away and the property also has excellent bus links with bus stops in very close proximity.

The premises is an attractive Grade II listed building and the second and third floors are available to rent, benefiting from two conference/meeting rooms on the ground floor available for the above floors to use.



Accommodation



Second Floor 482 sq.ft (44.8 sq.m)
Third Floor 497 sq.ft (46.2 sq.m)
Total 979 sq,ft (91.0 sq.m)



Planning



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.



EPC Text



Asset Rating - D77



Rating



Rateable Value Second Floor £2,950
Third Floor £3,050
Source www.voa.org.uk The 2022/2023 small business multiplier is 0.499 (XXX 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.



Terms



Available by way of a new effectively full repairing and insuring lease for a term to be agreed at £11,000 per unit or £22,000 combined per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is not payable on rents.



All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.




( Agency Pilot Software ref: 8075 )