, 129 High Street, Southampton, SO14 2BR | Property to rent | Savills
7,847 to 11,216 sq ft(729.01 to 1,042 sq m)
Asking price £90,000
per year

129 High Street, Southampton, SO14 2BR


    Key features

    • Prominent character Class E commercial hospitality property
    • Trading over ground (floor-ceiling height 6.5m) mezzanine & function room
    • Sale of alcohol permitted until 02.00 Monday-Saturday
    • Approximate GIA 7,847 FT2 above basement level (11,216 FT2 in total)
    • New lease available guide rent £90,000 per annum exclusive of VAT
    • May be suitable for variety of uses including restaurant, retail, hospitality and leisure

    Character imposing Grade II* listed hospitality venue located in Southampton City Centre with over 4,650 FT2 of customer areas alone

    About this property

    • Description
      Ground floor: An imposing former banking hall space with polished stone tile floor, ornate wall and ceiling features, large columns and pendant lights, benefitting from a bar servery, trade kitchen space, storage and accessible WCs to the rear. The highest floor to ceiling height in the main area is approximately 6.5m.
      Mezzanine: Customer area with elevated views down the banking hall with a separate bar servery and open stairwell. Circulation area to the rear provides separate street access, customer WCs and a separate function room with multiple floor to ceiling windows overlooking St Michael's Church and the Old Town.
      Basement: Currently used for storage but includes numerous spaces including former bank vaults.
      External: Located to the rear is a west facing trade terrace and direct service access for delivery.

      Specifications
      We understand the property is connected to mains gas, electricity, water and drainage.

      Terms
      Leasehold. Our client is prepared to consider the grant of a new lease on terms to be agreed with a guide rent of £90,000 per annum exclusive of VAT.

      Listed Status & Planning
      A former National Westminster Bank building, Grade II* Listed c.1867 in Italionate style. SU4200611268. Visit Historic England for more information.
      We understand the property benefits from Commercial Use Class E (restaurant) under the Town and Country Planning (Use Classes) Order 1987 (as amended). Other uses within Class E may be permitted.
      The property is located in the Old Town North Conservation Area.

      Rating
      The property is listed on the 2023/2024 Rating List with Rateable Values as follows:
      Basement - £9,600.
      Ground floor and mezzanine - £69,500.
      The national standard multiplier is 0.512/£.

    Local information

    • The property is located on Southampton High Street occupying prominent corner position with a long return frontage to St Michael’s Street, approximately 0.3 mile south of the Above Bar Street entrance to West Quay retail centre and the main pedestrianised commercial pitch and 0.4 mile north of the Red Funnel ferry terminal and Town Quay Marina. The immediate area comprises a typical mixture of commercial, leisure and residential with independent operators such as Edison’s, Coriander Lounge, Ottoman Kitchen, Heavenly Desserts and Shangahi 1814 nearby.
    • Southampton attracts over four million visitors a year and is home to the University of Southampton and Solent University; the campuses accommodate c.25,000students in addition to a substantial office and residential population. The population is currently254,275 (Mid Year Estimate 2016). The city is regarded as the cruise liner capital of Europe; more than 460cruise vessel calls and 2.6 million passengers visiting Southampton have generated more than £1 billion for the local and regional economy in 2023.

    Energy performance

    EPC exempt - Listed building

    Available space

    Namesq ftsq mAvailability
    Ground - Customer Areas3,250301.93Available
    Ground - Ancillary (Kitchen/WCs/Storage)2,013187.01Available
    Mezzanine - Customer Areas1,400130.06Available
    Mezzanine - Ancillary (WCs/Storage)1,184110Available
    Basement - Ancillary3,369312.99Available