Unit 4, Test Valley Business Centre, Test Lane, Southampton, Hampshire, SO16 9JW

Description

The premises are conveniently located in Test Lane, within close proximity of the M271/M27 motorways. The property is located within the area of Nursling which is a well-established warehouse and industrial location on the western side of Southampton. Also having Southampton railway station nearby means having a fast link to London Waterloo, and Southampton International Airport is located just north of the city and has range of continental and European flights.

The property is a mid-terrace, light industrial/business unit, accessed via a roller shutter door benefitting from allocated parking and outside workspace. Internally, the property comprises mostly workshop space on the ground floor, suitable for a variety of users. A mezzanine has been erected within the property, providing a small office and some additional storage space.

Accommodation

Total internal area - 1,147sq.ft(106.56sqm)
Mezzanine - 646sq.ft(60sqm)

Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Asset Rating - E(116)

Rating

Rateable Value Ground floor - £11,750
First floor - £4,050
Source - voa.gov.uk
The 2024/2025 small 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.


Terms

Available by way of a new full repairing and insuring lease for a term to be agreed at £19,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.

Alternatively, available to purchase the 999 year Long Leasehold interest for £275,000 exclusive of VAT with vacant possession subject to contract.

Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is not payable on rents.