Unit 1/L (126) & Unit 2/R (124), 124 & 126 Above Bar Street, Southampton, SO14 7DU | Property for lease | Savills
1,884 to 4,113 sq ft(175.03 to 382.11 sq m)
Asking price £50,000 -​ £55,000(RM283,441 -​ RM311,785)
per year

Unit 1/L (126) & Unit 2/R (124)124 & 126 Above Bar Street, Southampton, SO14 7DU

    Retail
    1,884 to 4,113 sq ft (175.03 to 382.11 sq m)

    Key features

    • City Centre Class E units ready for occupation Q3/Q4 2024
    • Each unit arranged over ground and basement or can be combined
    • Approx. GIA Unit 1 of 1,884 FT2 and Unit 2 of 2,229 FT2
    • Located close to Guildhall Square, main retail parades and on a prominent road junction
    • Delivered to shell and core with electric meter
    • New lease guide rent Unit 1 £50,000 pax and Unit 2 £55,000 pax

    Southampton City Centre - TO LET USE CLASS E COMMERCIAL - Unit (1) GIA 1,884 sqft & Unit (2) 2,229 sqft Rent £50,000 - £55,000 pa

    About this property

    • Description
      External Description
      The two singe frontage units occupy the ground and basement floors of a three storey property above street level of mainly brick construction under a flat roof. The units will benefit from new glazed shop fronts. The upper floors and part ground floor are being developed to provide 17 x 1 & 2 bedroom apartments.

      Internal Description
      The units are arranged over ground and basement floors and benefit from independent access to the front and shared to the rear (Park Walk). The units will be delivered to shell and core with electrical meter and capped off water and drainage services, ready for tenant fit out. WCs will be installed in each basement unit. The units can be let individually or as a whole.

      Tenure
      Leasehold. Rental offers of £50,000 and £55,000 (per annum exclusive) are sought for Units 1 and 2 respectively for the benefit of a new lease with terms to be agreed. Suitable security will be required in the form of a rent deposit. The units should be ready for tenant occupation in late Q3/early
      Q4 2024.

      Service Charge
      A service charge will be applicable and will be confirmed.

      Rateable Value
      The units will need to be reassessed for rating purposes.

      Planning
      We understand the units will benefit from Commercial Use Class E (suitable uses may therefore include café/restaurant, retail, financial or business services) under The Town and Country Planning (Use Classes) Order 1987 (as amended). We recommend interested parties satisfy themselves on permitted use against any proposed use.

      Services
      We understand that electrical and water supplies with separate meter are provided. There is no gas connection. Drainage is connected. WCs will be installed in each basement area.

      Energy Performance Certificate
      The units have a rating of D-80. Updated EPCs may be commissioned.

      Viewing
      Please contact the Savills Licensed Leisure & Retail Team.

    Local information

    • The property occupies a prominent mid-terrace position on Above Bar Street less than 25 metres north of the junction with Civic Centre road, 70 metres south of Guildhall Square and 270 metres north of the main pedestrianised retail area connecting to West Quay. The
    • unit is adjacent to Sprinkles Gelato and 128 Above Bar Street is occupied by Spar.
    • The area benefits from a diverse mix of commercial operators interspersed with residential accommodation, offices and public spaces. Hospitality operators include Nando’s, KFC, Turtle Bay, Revolucion de Cuba and Switch nightclub. Nearby is MAST (studios and theatre),
    • John Hansard Gallery, the O2 Guildhall entertainment space and University of Southampton’s Sir James Matthew Building. The units benefit from good visibility from the arterial Civic Centre Road which traverses the city east west connecting the motorway networks.
    • Southampton has several academic institutions in the city. The University of Southampton, Solent University and their campuses accommodate around 25,000 students. Southampton’s mainline railway station provides fast and frequent rail services to London Waterloo with a journey time of approximately 70 minutes. The following are approximate distances from the property: London 70 miles (113 km) Portsmouth 20 miles (32 km) Bournemouth 30 miles (48km) and Winchester 13 miles (21 km).

    Energy performance

    D (80)

    Available space

    Namesq ftsq mAvailability
    Ground - Unit 1/L (126)91585.01Available
    Basement - Unit 1/L (126)96990.02Available
    Ground - Unit 2/R (124)1,249116.04Available
    Basement - Unit 2/R (124)98091.04Available

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