Retail to let

This prominent mid terraced retail unit is in the prime part of Shirley High Street, close to several national retailers such as Specsavers, Pizza Hut, Boots, Nationwide, Poundland, Savers, Ladbrokes, the Shirley precinct and Sainsbury’s supermarket. The building is situated on the west side of busy Shirley High Street, between the junctions of Newman Street and Park Street. Access to the M27 (Junction 3) is within about two miles, allowing quick and easy access to Southampton Airport and Parkway station, all parts of the Solent region, and further afield via the national motorway network.

This substantial unit has been trading successfully for many years and now offers a new occupier (or occupiers) an opportunity to acquire all or part of the premises.

The accommodation benefits from all the usual modern facilities including an acoustic tiled ceiling, fluorescent lighting, a tiled floor, gas fired heating, and rear access for loading and a fire escape.

FLOOR AREAS - APPROXIMATELY

Gross Shop frontage: 40’6”

Shop depth: 120’

Total Sales area: 4,700 square feet / 436.64 square metres

Rear ancillary: 325 square feet / 30.19 square metres.

The unit could be split to provide two separate floor areas:

Left hand side (94): 2,590 square feet / 240.62 square metres

Right hand side (96) 2,115 square feet /196.49 square metres

Areas measured on site in accordance with RICS Code of Practice on a net internal basis.

TERMS

Tenure: A new lease will be granted for a term by agreement, on the usual FRI basis.

Rent: The initial rent will be £55,000 per annum exclusive payable quarterly in advance. There will be rent reviews at the end of each third year.

If split, the terms would be as follows:

Left hand side (94): £30,000 per annum exclusive,

Right hand side (96): £25,000 per annum exclusive.

Legal costs: Each party will be responsible for their own legal expenses in preparing and executing the lease.

Rates: According to enquiries of The Valuation Office (voa.gov.uk) the Rateable Value for the entire ground floor retail unit is £33,500 (payable: £18,760 at a multiplier of 0.546 in the pound/£ (2024/25). If split, the RV will need reassessment and accordingly. Small Business Rate Relief maybe offered.

VIEWING

Strictly by prior appointment with the sole letting agents,

Newton Scott, tel: 023 8033 7033.