9 Commercial Rd 1,745 SF of Assignment Available in Southampton SO15 1GF

Property Features: Comprises fully fitted restaurant with outdoor eating terrace Includes 5-bed residential flat at second/third floor with storage Available on a lease assignment until January 2038 VAT is NOT applicable to this property Restaurant has strong and regular customer base Comes fully furnished and ready for occupation Restaurant provides up to 110 covers with seating in the outdoor terrace with separate bar Restaurant benefits from disabled access and WC Vendor has a transferrable alcohol licence, including off-license, which allows for online sale of alcohol Situated directly opposite Mayflower Theatre and only 5 min walk from Southampton Central Train Station and city centre Occupiers close by include Co-Op Food, Restaurants, Takeaway, Gymnasium, Hotels and many more. Property Description: Comprises large restaurant at ground/first floor with outdoor seating and large 5-bed residential flat at second/third floor. This property offers a spacious main frontage, dining area, complemented by additional seating at the rear, comfortably accommodating up to 110 covers. To the rear, there is a large outdoor terrace with a fully operational bar, providing an excellent opportunity for outdoor service. The kitchen is in very good condition, fitted in 2024 with modern appliances and a new high-quality extraction system. Bin area and shed are located at the back of the terrace with a separate smoking area access to the water lane. On the first floor, the property includes separate ladies’ and gents’ bathrooms, along with two storage rooms – one of which could be adapted for use as staff accommodation. The residential accommodation at second/third floor comprises five well-presented bedrooms, a fitted kitchen, storage and two bathrooms. Ground Floor: 124 sq m (1,340 sq ft) Open plan restaurant, commercial kitchen, outdoor terrace, First Floor: 28 sq m (301 sq ft) 2 ancillary rooms and customer wc`s Second/Third Floor: 125 sq m (1,345 sq ft) 5 bedrooms, kitchen, 2 bathrooms, storage Total GIA: 277 sq m (2,986 sq ft) + large outdoor terrace Terms: Lease Assignment: Available on the following FRI terms: Premium: £390,000 Term: 15 Years from 1st February 2023 until 31st Jan 2038 Rent: £442.31 per week (PCM: £1,916.66) Payment Frequency: Quarterly in advance Rent Review (Open market): 1st January 2028,2031,2034,2037 Deposit: £15,000 Notes: Lease inside Landlord & Tenant Act 1954 Rateable Value: Rateable Value - £23,500 p.a. Rates Payable ~ £13,000 p.a. EPC: The property benefits from a B & E Ratings. Certificate and further details available on request.