About this listing

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

This impressive new building is situated in this popular Ocean Village waterfront destination. The area is well known for its up-market leisure and dining developments such as The Harbour Hotel and Jetty Restaurant, the 326 berth marina, Banana Wharf, Maritimo Lounge and the Blue Jasmine Asian fine dining restaurant. Nearby are several Grade A specification office buildings.

These two prominent and highly visible units are offered in a ‘shell and core’ condition thus being ready for any new occupiers fitting out works. Each unit benefits from extensive glazed façades, each having two glazed personnel doors, three in the case of Unit B.

It is felt that uses such as office, retail or similar would be approved by the landlords, subject to verification with the local authority.

The approximate net internal floor areas are as follows:

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.