Retail premises to let in Commercial Road, Totton, Southampton, Hampshire SO40

Letting now agreed. Brand new ground floor commercial unit being created in a former bank on Commercial Road in Totton, opposite costa coffee and the Totton Precinct.

The subject property is a former bank and will comprise a mid-terrace, double-width ground floor commercial unit with fully glazed frontage. Works are under way to separate the ground floor from the uppers (where three new residential units are being created), make the unit fully sound-proofed and renovate the ground floor unit to a white box spec, ready for a new tenant’s fit-out works. As part of the landlord works, a WC, kitchenette and store room will be created, leaving an open-plan retail space which may attract a variety of businesses seeking a prominent position in the heart of Totton. Air-conditioning pipework has been installed for a tenant’s second fit, and a new water main has been laid.

Situation

The subject property is located on Commercial Road, opposite Totton Shopping Centre and near to a mixture of occupiers including Costa, Betfred, Specsavers, Poundland, Greggs, Papa Johns, Hays Travel and a range of other independent businesses. There are multiple public car parks nearby with asda Supermarket offering permits on a monthly basis.

Accommodation

Trinity Rose have identified an approximate net internal area (NIA) of 700 Sq. Ft / 65 Sq. M. From plans provided.

Tenure

The property will be available to let from late January by way of a new Fri lease on terms to be agreed, at a rental of £16,500 pa exclusive of any utilities, service charge, buildings insurance apportionment and business rates liability, as applicable.

Rateable value

A new business rates assessment will be required for the commercial unit, as the building is rated as a whole currently. It is hoped that the rateable value will be below £12,000 so that an eligible occupier can benefit from 100% small business rates relief. Interested parties are advised to contact the relevant Local Authority for further information on rates.

Legal costs and VAT

Each party is expected to bear their own legal costs in any transaction. The unit is not elected for VAT purposes.

EPC rating

Tbc upon completion of works, b-rating anticipated.

Viewings

Any enquiries and appointments to view can be made by contacting Trinity Rose Commercial on .