The town of Romsey is situated about 8 miles to the north-west of Southampton via the A27 and within about 2 miles of Junction 2 of the M27 Motorway. The property is situated on the established Budds Lane Industrial Estate on the northern outskirts of the town just off the A3057 Stockbridge Road. The immediate surrounding area is generally industrial/commercial in character. Access to the Budds Lane estate is restricted by a low railway bridge.
The accommodation is arranged internally as ground floor warehouse/industrial premises with an extensive first floor mezzanine office area.
Ground Floor 4,845 sq.ft (450.16 sq.m)
Mezzanine (offices) 3,978 sq.ft (369.62 sq.m)
Total 8,823 sq.ft (819.78 sq.m)
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating - C69
Rateable Value TBC
Source www.voa.org.uk The 2023/2024 small business multiplier is 0.499 (4.99p 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 £45,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is not payable on rents.
All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
( Agency Pilot Software ref: 746 )