Property Information
Address:
15 College Place, Southampton, Hampshire
, SO15 2FE
, Hampshire
, United Kingdom
Price: Property no longer available.
Size: 1638 sq ft152 sqm
Primary Category: Office
All Categories:
Land, Office,
Property Ref/Movehut: MH632949
Property Ref/Agent: 6788
*Please use the agent ref when calling the agent directly.
Property description
Description
The property is located in a prominent position along College Place adjoining the south section of The Avenue, opposite Southampton Crown Court and Southampton & New Forest Magistrates Court.
Junction 5 M27 is appproximately 1.5 miles to the north east with Junction 7 & 8 also accessible to the east. The M3 is approximately 3 miles to the north via Bassett Avenue (A33).
The property comprises office accommodation over ground, first and second floors with basement storage. Internally the space is configured as cellular suites and is suitable for multiple occupancy with WC facilities on ground and first floors. The properties main access is off the pedestrianised College Place but benefits from further side and rear access. There are 2 car parking spaces to front aspect and 2 tandem spaces to side aspect.
We believe the property is suitable for residential conversion subject to obtaining the necessary planning consents.
Accommodation
DESCRIPTION AREA
Front office A
256
Front office B
157
Middle office
123
Rear office/kitchen 71
Total
607
1st/2nd floors
1st floor
577
1st floor kitchen 110
2nd floor
347
Total
1,034
Planning
We understand the property benefits from B1(a) Office consent however Interested parties are advised to make their own enquiries with Southampton City Council.
EPC Text
Asset Rating - C74
Rating
Rateable Value
Ground Floor £6,200
First & Second Floor £8,800
Source
Terms
Offers considered in the region of £330,000 subject to contract for the freehold interest with the benefit of the existing lease agreements.
Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.
The property is occupied by two tenants under separate lease agreements.
The ground floor is let to Pro-Force Ltd for a term of 3 years commencing 2nd of October 2017 at a passing rent of £12,000 per annum. There is a rolling break clause in favour of the tenant exercisable anytime after the first 9 months. The lease is drafted outside the 1954 Landlord and Tenant Act.
The first and second floors are let to Awaaz FM Community Radio for a term of 10 years commencing 21st of December 2018 at a passing rent of £10,000 per annum. There is a break clause in favour of the tenant on the 20th of December 2023. The rent is to be reviewed on the 21st December 2023. The lease is drafted outside of the 1954 Landlord and Tenant Act.
There is an ad-hoc service charge with for communal areas with the ground floor tenant being responsible for 38.6% and the first and second floor tenant responsible for 61.4% of costs.
Multi-Let Office Accommodation
Income Producing £22,000 PAX
4 Car Parking Spaces
Potential Residential Conversion STP
Easy Access to the Avenue
Good Public Transport
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