About this listing

Unit A and B, 15/18 Canute Road, Ocean Village – Two Adjoining Prominent Retail/ Office / Leisure Units

Prominently located and adjoining traffic lights at the junctions of Canute Road and Royal Crescent Road in the very heart of Ocean Village, these two units will appeal to several differing businesses to serve this popular and affluent central Southampton waterside location.

Unit A, formerly a gymnasium, is partially ready for early occupation, and fronts Canute Road. Amenities include exposed ceiling grid, fluorescent lighting, electrics, air circulation (hot and cold) and floor coverings, in addition to private male and female toilets, a kitchenette and small storage accommodation.

Unit B benefits from both a double frontage and two personnel doors, in addition to which there is a rear access door. This unit is offered in a “Shell and Core” condition therefore ready to incorporate a new occupier’s specific Fit-Out works. This would include new ceilings, lighting, electrics, heating, wall covering, toilets and flooring.

Location

This is an opportunity to acquire one (or both) adjoining retail, office or leisure (Class E) units, all being beneath this modern 7 storey block of flats known as Royal Crescent Apartments. This is a highly visible and busy location situated at the junction of Canute Road and Royal Crescent Road in the very heart of Ocean Village.

There are several new developments closeby including blocks of flats, modern office buildings, restaurants, a convenience store, in addition to Southampton Yacht Club.

Access to the M.27 (motorway junctions 3 or 5) is within about a short 15-minute driving distance allowing quick and easy access to all parts of the Solent region and the M.3 and further a-field via the national motorway network. Southampton airport and Southampton Parkway rail station (London Waterloo within 65 minutes) is also close to junction 5 of the M.27.

Unit A:

Gross frontage 61’6”
Sales / floor area: 1,390 square feet/129.13m2
Areas taken off plans and calculated in accordance with RICS Code of Practice on a gross internal basis.

Unit B:
Gross frontage: 72’
Return frontage: 44’
Sales / floor area 1,975 square feet/183.38m2

Location

This is an opportunity to acquire one (or two adjoining) retail/office or leisure units, all being beneath the recently built 7 storey building, Royal Crescent Apartments, at the southern end of central Southampton. This is a very prominent location being situated at the junction of Canute Road and Royal Crescent Road, the main entrance to Ocean Village which fronts the highly popular harbourside.
Access to the M27 (junctions 3 or 5) is within about a short 15 minute driving distance allowing quick and easy access to all parts of the Solent region, the M3 and further afield via the national motorway network. Southampton airport is based at junction 5 of the M27 providing both national and continental flights.

Retailable value

Unit A:
According to the Valuation Office (voa.gov.uk) the Rateable Value (former gymnasium) is £18,000. Thus, the rates payable figure (0.499 in pound) would be £9,000.00 approximately for the 12 months commencing April 2023.

Unit B:
To be reassessed.

Lease Terms

A new full repairing and insuring lease will be made available for a term of six or more years, by agreement.