Retail premises for sale in Market Street, Eastleigh SO50

Description

Eastleigh is located approximately 5 miles north of Southampton and 9 miles south of Winchester; both accessed via Stoneham Way/Thomas Lewis Way and M3 respectively. The subject property is located in a prominent trading position on Market Street, the main shopping area of Eastleigh. Eastleigh Train Station is within a short walk and nearby occupiers include Superdrug, Millets, Savers and those trading in the Swan Centre.

The premises comprises ground floor sales area, partitioned off towards the rear, benefiting from storage and WC. There is also first floor ancillary retail space which may be suitable for conversion to living accommodation.
The is space to park 4-6 cars at the rear.

Accommodation

Ground Floor 684 sq.ft (63.55 sq.m)
First Floor 339 sq.ft (31.50 sq.m)
Total Internal Area 1,023 sq.ft (95.05 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 - tbc

Rating

Rateable Value £9,100
Source The 2023/2024 small business multiplier is 0.499 (4.99p 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 way of a new full repairing and insuring lease for a term to be agreed at £24,000 per annum exclusive of rates VAT (if applicable)
and all other outgoings.
Alternatively, available for the freehold at a guide price of £375,000
subject to contract.
Note: It is understood VAT is not payable on rents

All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.