Unit 6 South Street Centre, 16-20 South Street, Southampton, SO45 6EB

Description

Hythe is a small town which lies between the New Forest National Park and Southampton Water. It is the main retail focus for the waterside parishes located within the New Forest District Council boundary and is located approximately 11 miles away from Southampton city centre.

The retail units form part of a mixed use scheme with office accommodation on the first floor and allocated parking on site for occupiers and visitors.

The scheme is located on South Street within a residential area and 5 minute walk of Hythe town centre.

Two of the units are currently undergoing refurbishment.

Accommodation

No. 4A
Sales Area - 938 sq ft (87.15 sq m)
Workshop - 237 sq ft (22.05 sq m)
Total - 1,175 sq ft (109.20 sq m)
No. 4B
Sales area - 797 sq ft (74.08 sq m)
Rear store - 75 sq ft (6.93 sq m)
Storage - 36 sq ft (3.39 sq m)
Total - 908 sq ft (84.4 sq m)
No. 6
Sales area - 849 sq ft (78.92 sq m)
WC
Total - 849 sq ft (78.92 sq m)

Planning

We understand the current permitted use for No. 4B to be A1 (Retail) and A5 (Hot Food Takeaway) for No. 5 and No. 6. All parties are advised to make their own enquiries of the local authority

EPC Text

Asset Rating
No. 4A C60
No. 4B - B 39
No. 6 - Awaited

Rating

Rateable Value
No. 4A - To be assessed
No. 4B - £7,300
No. 6 - To be assessed

Source www.voa.org.uk

The 2019/2020 standard multiplier is 0.491 (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 the way of effectively Full Repairing and Insuring leases for terms to be agreed at initial rents of:
No. 4A £13,750
No. 4B £13,250
No. 6 £12,500
All rents are per annum and exclusive of rates, VAT (if applicable) and all other outgoings.
Please note:
1. No VAT is payable on the rents
2. There is a service charge levied to cover communal costs.
( Agency Pilot Software Ref: 6337 )