Ground Floor, 435 Millbrook Road West, Southampton, SO15 0HX

Description

The property is situated on the outskirts of Southampton on Millbrook Road West, the main trunk road leading directly into Southampton City Centre. The road runs directly from the M271 which joins with the M27 at Junction 2, giving access to Portsmouth to the east and Bournemouth 26 miles to the west, via the A31. There are good bus communications and Southampton main line railway station is approximately 1 mile away.

The property comprises a ground-floor retail unit, within a terraced retail development. The property has the benefit of external street parking to the front elevation.

Accommodation

Ground Floor 754 Sq Ft 70.06 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 - B (44)

Rating

Rateable Value £8,600
Source https://www.gov.uk/find-business-rates

Terms

Offers considered in the region of £130,000.
Please note: We are proposing to sell the leasehold title.

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.

A new five year lease dated 1st October 2024 to Ladbrokes Betting and Gaming Limited on effectively full repairing terms at £11,175 per annum, subject to a tenant only break at year three. Please note, this only relates to No. 435, to which we understand the tenant has a separate lease for the neighbouring retail space at No.433, not associated with this transaction.
( Agency Pilot Software ref: 14982 )