ADDRESSUnit 5 Millbank House Business Centre, 1 William Street, Southampton, SO14 5QH
TYPEGeneral Industrial, Industrial
TENURETo Let, Under Offer
POSTED ON17th June 2020
Millbank Business Centre is located in an established industrial area of Southampton, approximately 1.5 miles north east of the city centre. The M27 is easily accessed via A3024 and A33. The subject property is a brick built end of terrace business unit with clad front and side elevations. The unit features two electric roller shutter doors at the front (4.2m x 2.54m) and side (3.02m x 2.48m) and 100 amp 3 phase electrics. The floor to ceiling height at ground floor is 2.86 m. The first floor comprises suspended ceiling with Inset Cat II lighting, a WC and a kitchen. There are 8 allocated parking spaces, 3 at the front and 5 at the side.
Ground floor - 1,144 sq ft (106.26 sq m) First floor 1,129 sq ft (104.89 sq m) Total Gross Internal Area - 2,273 sq ft (211.15 sq m) Measured on a Gross Internal Area basis in accordance with the RICS Code of Measuring Practice, 6th Edition.
All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating - D90
Rateable Value £13,750* Source - voa.gov.uk The 2020/2021 standard multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. * If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Available by way of a new Full Repairing and Insuring lease for a term to be agreed at an initial rent of £19,320 per annum exclusive of rates, VAT (if applicable) and all other outgoings.
Note: We have been advised VAT is payable on the rent. ( Agency Pilot Software Ref: 6837 )