Former Natwest Bank, 43 Commercial Road, Totton, Southampton, SO40 3BX

Description

The town of Totton is situated approximately 6 miles to the west of Southampton via the A35, within approximately 1 mile of the M271 which links with the M27 motorway. Totton Shopping Centre is the main retail focus for the town. It is located off Commercial Road.
There are two large customer car parks either side of the site. The Centre provides a pedestrianised shopping environment with national occupiers such as Costa, Greggs, Specsavers, Card Factory, Savers and 99p Stores. It is excellently located for the rental market and public transport.
This former banking hall has scope for retail and other uses, including conversion of the uppers to residential or total re-development subject to consents.

Accommodation

Ground Floor Retail Unit 1,692 sq ft 157.1 sq m
First Floor 1,575 sq ft 146.3 sq m

Planning

All parties are advised to make their own enquiries of the local authority for confirmation.
Note: lapsed planning for conversion of uppers in 2021 for three flats. REF 21/10455
There is scope for complete development and conversion of residential subject to planning.

EPC Text

Asset Rating - B (85)

Rating

Rateable Value £24,250
Source - voa.gov.uk
The 2024/2025 small business multiplier is 0.499 (49.9p 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

Offers considered in the region of £300,000 for the long leasehold subject to contract for the freehold interest with vacant possession on completion.
( Agency Pilot Software ref: 10620 )