Isis Bar, Southampton

 

188 Above Bar Street, Southampton, Hampshire, SO14 7DW

Offers in excess of
N/A
Sold
Type - Mixed
Tenant type - Leisure – other
  • Tenure: Leasehold
  • Gross Rent: £20,000
  • Lease Term: 25 years from Nov 2003
  • VAT applicable?: Y
  • Rent rising to £23k pa in 2018

Property Description

  • The property comprises a terrace building arranged over lower ground, ground and two upper floors.
  • The property is arranged as follows:
  • Lower Ground Floor – Ladies & Gents WCs, General Storage Area, Refrigerated Cellar
  • Ground Floor – Reception Area, Bar Area, Rear Cocktail Lounge
  • First Floor – Dancing Area, Changing Room with WC
  • Second Floor – Manager’s Flat comprising Three Rooms, Kitchen and Shower Room

Location Description

  • The property is situated on the east side of Above Bar Street close to its junction with Commercial Road.
  • Extensive amenities, facilities and attractions are located along Above Bar Street itself and in the immediate surrounding area.
  • The location is a nightlife hotspot, with a number of bars as well as two of Southampton's main nightclubs situated several doors down from the property.
  • Additionally one of Southampton Solent University's main buildings is situated directly opposite the property, with the remainder of the campus being approx. ¼ mile to the east.
  • East Park and West Park are located immediately to the east and west.

Additional Notes

  • The property is held on a Head Lease for a term of 99 years from 25th December 1932 (expiring in Dec 2031) at a current ground rent of £101 per annum.
  • The Head Lessee pays an additional annual fee of £1,350 to Southampton City Council for an easement by way of a lease of rights to use the access at the rear of the premises.

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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