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120 - 122 High Street, Southampton, HAM

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120-122 High Street

Southampton, SO14 2HP

Property type:Office Sub Type:- Status:Existing Year built:-
Floors:4 Typical floor:5,764 sq ft Building size:15,192 sq ft
For sale price:For Sale Price:-
Portfolio:This property is for sale (for £1,700,000) as part of a portfolio of 3 properties.

Sale Notes:
The available properties are situated in a prominent city centre location with main road frontage on the QE2 Mile, forming part of the on-going redevelopment of the lower end of the High Street, adjacent to the very successful French Quarter. The High Street links the main retail area of the City to the Waterfront, Town Quay and the Red Funnel Ferries to The Isle of Wight. Subject to planning, the location could suit a number of different opportunities including hotel, residential, office, retail, student accommodation, restaurant, leisure, care home, doctor, vets, etc.

There are currently three main structures on the site which include the following:
• Two storey detached building currently used as a snooker club. Approximately 5,730 sq ft.
• 122 High Street is a mid-terrace 3/4 storey office building with rear warehouse area, accessed from an adopted service road which circles the snooker hall at the rear and is accessed via Castle Way.
• 119 High Street is a 3 storey plus basement, former job centre which has now been stripped back to shell condition.
• The site extends to approximately 0.5 acres.

The opportunity is offered on a freehold basis with vacant possession, subject to the tenancy of the snooker club and the public highway. The current owners hold the freehold of the adopted highway off Castle Way which will need to be closed for the redevelopment of this section. The adjoining owners to the north of the site will need to retain part access over the formally adopted road for vehicular access. (light blue area of the plan). The current income of the snooker club is £20,000 pa on a FRI lease that expired on 24th January 2014 outside the 54 Act but still in occupation. Full details available in the information pack.

No formal residential consent exists; however, the current owners had a successful pre-application response from the local planning authority for a 63 unit scheme together with circa 8,000 sq ft of ground floor commercial fronting the High Street. This scheme assumes that the adopted road circling the snooker club can be closed and used for development.

Vail Williams LLP
Nik Cox
023 8082 0900

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