Retail to let - 129 High Street, Southampton, SO14 2BR
129 High Street, Southampton, SO14 2BR
Rent
£90,000 pa
Size
11,216 sq ft
Use Class
E
Tenure
leasehold
Listed
1 month ago
Property Description
<strong>Description</strong><br>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. <br />
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. <br />
Basement: Currently used for storage but includes numerous spaces including former bank vaults. <br />
External: Located to the rear is a west facing trade terrace and direct service access for delivery.<br><br><strong>Specifications</strong><br>We understand the property is connected to mains gas, electricity, water and drainage.<br><br><strong>Terms</strong><br>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.<br><br><strong>Listed Status & Planning</strong><br>A former National Westminster Bank building, Grade II* Listed c.1867 in Italionate style. SU4200611268. Visit Historic England for more information. <br />
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. <br />
The property is located in the Old Town North Conservation Area.<br><br><strong>Rating</strong><br>The property is listed on the 2023/2024 Rating List with Rateable Values as follows:<br />
Basement - £9,600.<br />
Ground floor and mezzanine - £69,500. <br />
The national standard multiplier is 0.512/£.<br><br>
Costs & rates
VAT
Exclusive
Total annual occupancy cost
Estimate only — confirm exact figures with the agent.
Rent
£90,000
VAT (20%, rent exclusive)
+ £18,000
Total per year
£108,000
≈ £9,000 / month≈ £9.63 / sq ft / year
Agent hasn’t listed rates or service charge — ask them below.