A1/A3 Retail Premises To Let, 120 St Mary Street, Southampton, SO14 1PG

Description

The property occupies a corner position in the centre of St Mary's retail offering, an established secondary trading position about half a mile from Southampton City Centre. The retail area predominately comprises independent A1 and A3 operators with some notable nationals including; Tesco Express, Co-op Funeral Care and Betfred.
120 St Mary Street comprises retail accommodation on ground floor with office and prep area to first floor rear aspect. The first and second floor front aspect forms residential accommodation benefiting from independent side access. The accommodation comprises 3 bed sit rooms with shared kitchen / diner and a studio flat.
The retail accommodation is subject to an occupational lease to a John Wheeler trading as 'J.H.Bigland Bakery'. The lease commenced 27th of September 2016 for a term of 10 years until 27th September 2026 at a passing rent of £XXX per annum.
The upper parts are part let on licence agreements. The Studio apartment and first floor bed sit are producing an income of £XXX per annum, equating to circa £XXX per room per week. The Second floor is currently vacant but could be converted into a 1 bedroom flat subject to obtaining the necessary planning consents.

The total gross income reflects £XXX per annum.

Accommodation

Ground Floor Commercial - 1,483 sq. ft.
First Floor Commercial - 752 sq. ft.

Bed sit 1 - 4.18m x 4.22m
Bed sit 2 - 3.13m x 3.76m
Bed sit 3 - 3.98m x 4.18m
Shared Kitchen / Diner 3.12m x 3.74
Studio - 27.4 m2

EPC Text

C-75

Rating

Rateable Value £XXX

Terms

Offers invited for the freehold interest with a guide of £XXX subject to the benefit of the exciting leases and licences.
( Agency Pilot Software Ref: 560 )