Overview

LEASEHOLD INTEREST

The unit is comprised over ground and first floor, with the ground floor made up of the main banking hall and strong room, and ancillary and office space on the first floor. Tenure The property is held on an existing FRI lease due to expire January 2027 at a passing rent of £27,000 per annum exclusive with no rent reviews contracted before the end of the lease. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £25,250.00 and the rates payable are £12,120.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Hythe is a town near Southampton, Hampshire, England. It is located by the shore of Southampton Water, and has a ferry service connecting it to Southampton. Hythe is a small shopping area, with a pier and marina. The property is situated in the town centre where there are a mixture of local, regional and national retailers providing a range of local goods and services, anchored by a Waitrose supermarket.

Sizes and Measurements

Total Size

156sqft

Sales Area

120sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

120sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

36sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

01/01/2027

Lease type

Assignment

For rent

£27,000/pa

UBR

48p

Rateable Value

£25,250.00

Business Rates

£12,120/pa

Floorplan

SOUTHAMPTON - 1 NEW ROAD

Photos

SOUTHAMPTON NEW ROAD 1 HYTHE.PIC

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