Southampton – 107 Above Bar Street, SO14 7FH Let
107 Above Bar St, Southampton SO14 7FH, UKAbout this listing
The area has seen considerable recent development with new occupiers including Revolucion de Cuba, Caffe Nero and a new Chinese restaurant next door, joining the likes of Yates, KFC and Sprinkles Gelato. Guildhall Square is nearby providing a mix of restaurants and Theatre/Art Gallery.
The property, which is arranged on basement, ground and two upper floors, has been stripped-out and is now offered in a Shell & Core condition, ready for a new tenant’s Fit-Out program.
External repairs have included substantial remedial works to the roof and rear fenestration.
Prices
Location
The premises are situated in a prime City Centre retailing position, on busy Above Bar Street, opposite Palmerston Park and close to its junction with Civic Centre Road. The mainline railway station is a short ten minute walk..
Access to the M27 (Junction 3 or 5) is within three miles, allowing quick and easy access to all parts of the Solent region and further afield via the M3 and national motorway network. Eastleigh Parkway railway station (London Waterloo is within 65 minutes) and Southampton Airport serving both national and continental flights is close to junction 5 of the M27 motorway.
Retailable value
Rateable Value: According to the VOA (www.voa.gov.uk, the rateable Value as of 01/04/23 will be £21,250.00, leading to an annual payable figure of approximately £11,000.
Potential tenants are recommended to check with the local authority if only to verify this figure and to establish if any form of Rate Relief is available.
Lease Terms
Lease: A new FRI lease will be offered for a term by agreement.
Rent: £49,500 per annum exclusive payable quarterly in advance plus VAT., if applicable. There will be rent reviews at the end of each third year.
Fit Out: The landlords are prepared to offer incentives to cover a percentage of the proposed tenants Fit-Out exposure. Terms on application.
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