Agency | Lease Advisory | Management | Rating | Valuation | Investment | Development

TO LET/FOR SALE Substantial Restaurant Premises

With Development Potential Total Size 553 sq m (5,953 sq ft)

Key Features• Prominent restaurant in established location

• 166 covers over two floors with kitchen, bar

areas and staff accommodation

• Other uses considered (STP)

• New FRI lease available

• Rent £60,000 pax

• Premium sought for goodwill and fixtures and

fittings

• Freehold interest available - price £1,000,000 STC

• No VAT

• Nearby occupiers include Docks Coffee, Pizza

Express, The Oxford Brasserie and Simons Bar

Kitchen

37-39 Oxford Street, SouthamptonSO14 3DP

37-39 Oxford Street, SouthamptonSO14 3DP

Offices in Brighton, Chichester and Portsmouth

Viewings and Further InformationPlease contact the sole agents Flude Commercial incorporating Garner Wood: portsmouthproperties@flude.com 023 9262 9000www.flude.com

TermsThe property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £60,000 per annum exclusive.

Alternatively, the freehold interest is available at a guide price of £1,000,000 subject to contract.

A premium is sought for the goodwill and fixtures and fittings.

PlanningWe understand that the premises benefit from Class A3 use within the Use Classes Order 1987 (as amended).

Other uses will be considered, subject to terms.

Legal FeesEach party to bear their own legal costs incurred.

LocationSouthampton is strategically located on the A27/M27/A3(M) and forms part of the extensive M27/Solent corridor, providing easy access to London and the wider motorway network.

The property is situated on the pedestrianised section of Oxford Street, within close proximity of the High Street.Nearby occupiers include Docks Coffee, Pizza Express, The Oxford Brassier and Simons Bar Kitchen.

AccommodationThe property comprises a substantial three storey terraced building. Internally, the building is configured as a restaurant with staff accommodation. The ground floor provides dining space (66 covers), a bar area, kitchen and WC facilities. There is further dining space (100 covers) and a bar area on the first floor. The second floor is used for storage and staff accommodation.

We have measured and calculate the accommodation to have the following approximate Gross Internal Area (GIA):

Description sq m sq ftGround Floor 237 2,559First Floor 158 1,703Second floor 157 1,691Total 553 5,953

EPCTo be confirmed.

Business RatesRateable Value (2017): £65,500.

VATWe understand that the property is not elected for VAT.

Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property.

Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.

We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and small business relief. 16 January 2020

37-39 Oxford Street, SouthamptonSO14 3DP

Offices in Brighton, Chichester and Portsmouth

Floor Plan

For identification purposes only.

Bldg/Floor

A

FLOORPLANS

Project no.

KAD

1:100@A3Scale

Drawing

Sequential

01

Date

APRIL 2005

FPDetail

.Rev

Project

Client

Rev Revision DateBy

37- 39 OXFORD STREET,SOUTHAMPTON,

SO14 3DP

FLUDE

RCHITECTURAL

DAK NIGHT

ESIGN

K.A.D. Ltd.First Floor Unit 7The Quarterdeck

Port SolentPO6 4TP

T: 01489 660194E: admin@k-a-d.co.uk

W: www.k-a-d.co.uk

First Floor

Ground Floor

Bldg/Floor

A

FLOORPLANS

Project no.

KAD

1:100@A3Scale

Drawing

Sequential

01

Date

APRIL 2005

FPDetail

.Rev

Project

Client

Rev Revision DateBy

37- 39 OXFORD STREET,SOUTHAMPTON,

SO14 3DP

FLUDE

RCHITECTURAL

DAK NIGHT

ESIGN

K.A.D. Ltd.First Floor Unit 7The Quarterdeck

Port SolentPO6 4TP

T: 01489 660194E: admin@k-a-d.co.uk

W: www.k-a-d.co.uk