For Sale/To LetRetail Property

Retail Property For Sale/To Let WithPotential For Alternative Uses (STP)Lidl, 355 Shirley Road, Shirley, Southampton SO15 3JD

14,235 Sq Ft (1,323 Sq M)•0.98 acre site•72 car parking spaces•Suitable for redevelopment (STPP)•

Lambert Smith Hampton3rd Floor, Enterprise House, Ocean Way, Southampton SO14 3XB T +44 (0)23 8033 0041

Lidl, 355 Shirley Road, Shirley, Southampton SO15 3JD

LocationShirley is a popular shopping district approximately 1.5miles north west of Southampton City Centre.

The property is situated just off Shirley Road where manynational and local retailers are located. Adjacentoccupiers include McDonald's, Tesco Express and PeterCooper Volkswagen.

Description

The property comprises a single storey retail store with alarge glazed shop front and a recessed loading bay withdock loading door. Internally the property provides alarge, regular shaped open plan retail sales area withancillary warehousing and staffing area to the rear.

The site extends to 0.98 acres, with surface parkingprovided on site for 72 cars.

The site benefits from the following:

Prominent signage rights•Located in busy Shirley suburban shopping centre•Prominent position•Adjacent to a McDonalds restaurant and aVolkswagen dealership

•

AccommodationThe premises have been measured off plan in accordancewith the RICS Code of Measuring Practice, 6th Edition asfollows:

Accommodation Sq Ft Sq MSales Area 10,663 991Ancillary Space 3,572 332Total GIA 14,235 1,323

VAT

All prices, premiums and rents etc. are quoted exclusiveof VAT at the prevailing rate.

Legal Costs

Each party to be responsible for its own legal costsincurred in any transaction.

Business Rates

Current rateable value: £194,000.Rating Assessment Source - www.voa.gov.ukUniform Business Rate is 47.9p (2017/2018).Any interested parties are advised to satisfy themselves asto the accuracy of this information.

Terms

Offers invited for the freehold interest with vacantpossession on a conditional and unconditional basis.

Alternatively, the premises are available to let on a newFRI lease on terms to be agreed. Rent on application.

Lidl have recently obtained consent to relocate theirstore to the former Council Depot and Police Station sitenearby.

Lidl will start construction on their new store shortly andit is anticipated Practical Completion will be August2019. Lidl will only be able to provide vacant possessionof the subject site once their new store is ready foroccupation.

Please be advised that the tender date is set for 10thOctober 2018. All offers must be submitted by 12 noon,a bid submission request will be sent prior to this date.

Planning

The premises are presumed to have full A1 Retailplanning consent. There is potential, subject to planning,for the existing building to be used for other uses orredevelopment including residential.

All interested parties are advised to make their ownenquiries via Southampton City Council's PlanningDepartment.

EPC

EPC Rating - B34

Viewing and Further InformationViewing strictly by prior appointment with the soleagent:

Alex HirstLambert Smith Hampton02380 713076ahirst@lsh.co.uk

John ButtLambert Smith Hampton02380 330041jbutt@lsh.co.uk

Lidl, 355 Shirley Road, Shirley, Southampton SO15 3JD

Car parking

Image Copyright reproduced by Lambert Smith Hampton

Site Plan (for indicative purposes only)

Image Copyright reproduced by Promap

© Lambert Smith HamptonDisclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that:(i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer

or contract.(ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory

or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property.

(iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all.

(iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position.(v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising

from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH.(vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities,

infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.

Lidl, 355 Shirley Road, Shirley, Southampton SO15 3JD

Location

Image Copyright reproduced by Ordnance Survey

August 2018