The property is located within the principal and largest industrial area of New Milton. The Stem Lane Industrial Estate which is the base for many businesses. It is approx. 1 mile west of New Milton Town centre, There is access from Stem Lane to the B3055 which connects to the main A35 providing access to the Bournemouth conurbation, with Christchurch approx. 5½ miles and Bournemouth approx. 11 miles away. The A35 connects to the M27 to the east.
The property comprises a detached warehouse building which was completed refurbished in 2016 with new external cladding, roof and modern offices all under a steel portal frame. Eaves height approx. 17’6 to underside of steel frame and 19’8 to roof. To the front of the building is are two storey offices part open plan and part fitted out with smaller rooms. There is a side access/loading yard serving 2 loading bays and to the front of the building is space for approx. 16 (double parked) cars.
A mezzanine floor has been installed by the current tenant to part of the warehouse providing approx. 1,988 sqft (184.69 sq.) of storage accommodation with under mezzanine height of approx. 9’2 and height above of approx. 9’2. This can be removed if not required.
Specification & Highlights
• Building refurbished in approx. 2016
• Eaves height approx. 19’8 (17’6 to underside of steel frame)
• Mezzanine floor installed to part
• Modern carpeted offices with wall trunking, double glazing, open plan & partitioned offices.
• Side yard/loading
• 2 electric side loading doors
• Front car parking for 16 cars
• Available on short or longer term lease
• EPC rating of Band B
The accommodation has been measured on a gross internal area basis in accordance with the RICS Code of Measuring practice 6th edition.
Ground Floor Offices 110.09 m2 1,185 ft2
First Floor Offices 112.50 m2 1,211 ft2
Main warehouse 694.26 m2 7,473 ft2
TOTAL MAIN BUILDING 916.85 m2 9,869 ft2
Mezzanine Floor 184.69 m2 1,988 ft2
TOTAL GIA 1,101.54 m2 11,857 ft2
The VOA has assessed the property on the 2017 Rating list rating list with a Rateable Value of £67,000.
Energy Performance Certificate
The property has been assessed with an energy performance asset rating of 49 (band B). A copy of the certificate is available for inspection.
The whole property is currently let on a full repairing and insuring basis on a lease for a term of 10 years from 15th August 2016 to August 2026. The lease incorporates a tenant’s break clause on 15th August 2023 and is contracted out of the Landlord & Tenant Act 1954.
The property is available on 3 alternative bases.
1 An assignment of the current lease or
2 A new sublease until August 2023 contracted out of the Landlord & Tenant Act 1954 or
3 A new longer lease to be agreed directly with the freeholder.
£79,134.12 pa excl of VAT. The rent is reviewed annually on 15th August each year in accordance with RPI.
Each party to be responsible for their own legal costs incurred in this transaction.