High Street Retail Property for sale

High Street, Hythe, Southampton SO45


£195,000
651 ft²

Features

  • £195,000 freehold or £15,000 per annum leasehold
  • Approximately 651 sq ft nia
  • Class E commercial premises
  • Freehold
  • Freehold / leasehold opportunity
  • Ground floor shop / office
  • Prominent Hythe town centre location

Description

A period terrace building of rendered front elevations, under a pitched slate roof, in a very prominent trading position, which comprises a self-contained ground floor lock up shop, with kitchenette, WC and rear access.

Under the new Class E planning group, the property is deemed suitable for retail, office, restaurant or cafe (subject to consent for kitchen extraction which may prove difficult with the flat above in separate ownership), clinics, dentists etc.

A separate entrance at the rear leads to the first and second floor flat in the building, which has been sold off on a long lease.
Accommodation

Ground floor retail unit:-

Internal width - 14' 6
Shop depth - 45' 10
Total Net Area - 617 sq ft

Kitchen - 34 sq ft
W.C
Rear access
Tenure

The entire building is for sale freehold. The flat has been sold off on a long ground lease, copy available on request, at a peppercorn rent, with the flat owner being responsible for a 50% contribution towards insurance and the property's maintenance, excluding the windows. Alternatively, the vendor would grant a new occupational Fri lease, for a period of 10 years with a tenant break and upward rent review after 5 years, subject to a 6-month deposit.
Price

£195,000 freehold with vacant possession of the shop, subject to the subsisting lease of the flat. As such therefore, it will not be suitable for purchase within a sipp. Alternatively, as a leasehold at £15,000 per annum, exclusive of any business rates, service charge, buildings insurance and VAT.
Rateable value

Online enquiry via indicates a rateable value of £14,250 in the 2017 List, suggesting that some small business rates relief may be available to eligible businesses. Interested parties are advised to check the accuracy of this information with the Local Authority.
Legal costs and VAT

Each party is expected to bear their own legal costs in any transaction.
EPC rating

C 70
Viewings

All enquiries and appointments to view must be made via sole agent Trinity Rose Commercial on .

Hythe is a busy Waitrose' town on Southampton's west side, facing Southampton Water and connected to the City via the Hythe Ferry. It is on the edge of the New Forest and other retailers in the town include Boots, Superdrug, Hays Travel, Costa Coffee, Martins, & Post Office.

These premises occupy a prime location in the centre of the High Street, less than 100 yards from Waitrose, and the ground floor comprises all of the shopfront painted crimson in the photo.

Categories

High Street Retail Property
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Property reference
TH2315_7