SPECIFICATIONS:

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PROPERTY LOCATION:

Property Summary

Tenure: Freehold
Property type: Detached
Council Tax Band: NA

Key Features

Implemented planning permission - 16/01448/FUL
Consent for ground floor restaurant & 22 apartments (16 x 1 bed & 6 x 2 bed)
Planning conditions discharged 20/0047/DIS
No affordable contribution required (to be confirmed)
Development/investment opportunity

Summary

The property, a former restaurant enjoys a City Centre location on the corner of The High St & Bernard St overlooking the Ruins of the 14th Century Holyrood Church. The planning Permission has been implemented and majority or the Pre Commencement conditions have been discharged.

CIL / Nitrates / S106 Payments/VAT

• Community Infrastructure Levy (CIL) payment circa £135,671.14, indexation maybe applicable
• Nitrate mitigation is not applicable
• S106 – payment circa £46,747
* VAT – The sale price is exclusive of any VAT, which if applicable, will be in addition at the appropriate rate.

Site Viewings

Site visits are strictly on an appointment basis and to be arranged with Charters Land & Development department. Please call 02382 358580 to make an appointment.

Offers

Offers are invited on an unconditional basis only and must be presented in written format with proof of funding, details of any conditions and anticipated time scales for completion.

Terms & Conditions

Charters Land & Development are instructed by their client to secure a suitable purchaser for this site.

Situation

Southampton is a thriving commercial port with a population in excess of 250,000 and achieved city status in 1964 due to its contribution to trade and the economy. The city centre offers an extensive range of shopping and leisure facilities ranging from small boutique outlets to major department stores including the landmark West Quay shopping mall. Restaurants, bars and cafes cater for every taste and the Cinema de lux offers the finest film viewing experience. Numerous pleasant parks together with The Common, City golf course and sports centre offer a wide range of leisure opportunities with hundreds of acres of green open space. Premier league football is played at St Marys and the Ageas Bowl is the home of Hampshire cricket hosting domestic and international matches together with live music events. The Guildhall, Mayflower and Nuffield theatres host a wide and eclectic range of plays, opera, ballet and musicals and the public art gallery in the civic centre has a famous and acclaimed collection.