1 Manor Farm Rd 2,573 SF Retail Building Southampton SO18 1NN $969,582 CAD ($376.83 CAD/SF)

Freehold. Our client is seeking to dispose of the property guiding £525,000 or alternatively may consider leasing. Rental offers are invited in the region of £40,000 per annum with terms to be agreed. The application of VAT is to be confirmed.
A semi-detached former bank premises arranged over two floors above street level. The property is of mainly brick construction with timber frame extensions at first floor all under multiple flat roofs. The property benefits from entry points located to the front main street and two opposing side passageways. At ground floor is an open plan “hall” which leads to a secondary room to the rear with a bar counter, accessible WC and cloakroom. The first floor is accessible via an internal staircase and provides two sets of WCs, office and storage. In addition there is a private enclosed terrace extending to approximately 484 sqft (45 sqm).
We understand the property benefits from planning permission for change of use from restaurant to a community/cultural centre (class D1/D2) and that this should permit use under Class F.2 (local community) and Class F.1 (learning and non-residential institutions), under The Town and Country Planning (Use Classes) Order 1987 (as amended). *We recommend interested parties satisfy themselves on permitted use against any proposed use. The property is not listed nor in a conservation area. We understand the property benefits from a premises licence permitting the sale of alcohol and other activities including entertainment.
The property is located in the Bitterne Park suburb on the banks of the River Itchen, approximately 2.6 miles north-east of Southampton City Centre and 1.0 mile east of Portswood. The property benefits from a prominent position at the merging point of Manor Farm Road and Cobden Avenue at Bitterne Park Triangle close to Cobden Bridge. Junction 5 (M27) is 2.1 miles to the north and Bitterne train station is 0.6 miles to the south. The area is well connected to the eastern suburbs including Hedge End and Botley. The immediate area comprises a mix of commercial retail parades and densely populated residential.