Unit 3, Hedge End Retail Park

Charles Watts Way, Hedge End
Southampton, SO30 4RT

Use Class E(a)

4,500 sq ft

£234,000

Use Class

E(a)

Size

4,500 sq ft

Rent pa

£234,000

Marketed by Avison Young

Last updated 03/11/2021

Shops & Retail Units for rentSouthampton

4,500 sq ft retail warehouse unit. Available by way of assignment or subletting.

Key Points

Carphone Warehoue will remove their signage and loose fixtures and fittings. The existing M&E, flooring, ceiling grids, etc will be left in situ.

Situated at the entrance to the scheme, adjacent to Starbucks. Other occupiers include DFS, ScS and Oak Furniture Land, with a 37,000 sq ft Next Lifestyle store adjacent, and M&S and Sainsbury’s opposite.

Located 3 miles east of the city centre, on Charles Watts Way (A334), next to Junction 2 of the M27 motorway.

Viewing

All inspections/further enquiries are to be arranged through Avison Young.

Accommodation

Accommodation details below:

Areas

	sq ft	sq m
Ground floor GIA, excluding the adjacent area sublet to Starbucks.	4500.00	418.00

Financial

Lease Term

The premises are held on an FRI lease expiring on 23 March 2024.

Rent

Rent of £234,000 per annum is subject to a sublease of part to Starbucks expiring on 19 March 2024 at a rent of £65,000 per annum. The net rent is therefore £169,000 per annum.

Rates

No rates are payable until 1 April 2021.

Rateable Year:	2020
Rateable Value:	--
Rates Payable:	£63,770.00
UBR:	--
Rateable Year:	2021
Rateable Value:	£124,551.00
Rates Payable:	£63,771.00
UBR:	51.2p/£

Service Charge

£6,262 per annum.

Last Updated

03/11/2021

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.