Office to let in 39-41 Lower Canal Walk, Southampton, Hampshire SO14

Description

The office is located in Southampton City Centre in a mainly commercial position between Southampton's prime retail positions of WestQuay Shopping Centre which also provides excellent amenities including restaurants and cafes within WestQuay Watermark. The property provides a great platform for companies to attract staff who are searching for the right balanced environment to work in.

Southampton Central train station is a very short walk away and the property also has excellent bus links with bus stops in very close proximity.

Accommodation

The lower ground and ground floor comprise two separate entrance foyers which connect to the main reception
area on the first floor.
The first floor comprises a reception area with access to the main gym area. The property has been stripped
out and is ready for fitting out.

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 - £39,000
Source The 2021/2022 standard multiplier is 0.499 (4.99p payable per £1). The 2020/2021 small business multiplier is 0.499 (49.9p 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 £65,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Alternatively, offers are invited for the long leasehold interest.

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.