Casemates Square

I am excited to present a rare leasing opportunity for a prime unit in the heart of Casemates Square. Unit 1/12, formerly known as Sasallo, is situated at the most popular point in the area, previously home to the iconic Salsa Fuego nightclub.

This is an excellent opportunity to secure a versatile, well-equipped, and strategically located unit in a soon-to-be revitalized area. Don’t miss out on positioning your business at a prime location poised for increased foot traffic and visibility.

Key Highlights:

Strategic Location: Casemates Square is set to undergo significant renovations in the coming months, alongside the Landport project. Additionally, a major tourist attraction will soon open at the North Defences, connecting directly through Casemates just outside the unit.

Unit Features:

• Size: 173 m²
• Lease: 21-year lease concurrence from the government
• Licenses: Leisure license included
• Fully Equipped: The unit comes fully fitted with toilets, air conditioning, fire safety, alarm system, and all necessary licenses. It is ready for use as a hair salon, and its open plan makes it adaptable for any use you envision. A kitchen extractor  ducts is also installed.
• Additional Spaces: The unit includes 2 stores in Casemates Square, with all fixtures and fittings included.

Financials:

• Key Money for full 173m2: £250,000, which covers the lease and all fixtures and fittings included.
• Rent: £3,700 per month (negotiable)
• Rates: £200 per month

Or Multi business operations (Flexible Options)

• For 50% of unit  - converted into Unit A or Unit B = (80 m²n each ): £125,000 Key Money 
• LPS Rent: £1,850
• LPS Rates: £100
• Or a Rent-to-Buy  Agreement Option: £3000 per month.

Flexible Options:

Division Possibility: After discussions with LPS, the unit can be divided into two approximately 80 m² units, each with entry points and windows on both sides. These spaces can easily be converted into office spaces, commercial areas, storage facilities, etc.

Discounted Rent for Flexible Hours: There is an option for a rent review with an approximate 25% discount if your business operates during off-peak hours, such as specific time frames or late night.