Retail premises to let in Unit 5 Parkland Place, 39-41 Old Milton Road, New Milton, Hampshire BH25

Description

536 Sq. Ft. (49.82 Sq. M.) Class E Office/Retail Unit To Let in New Milton Town Centre. Rent Free Incentives Available Subject to Terms.

The Highly Sought-after market town of New Milton, situated on the South-western edge of Hampshire. The town centre location provides plenty of local amenities including local independent retailers, high street shops and popular restaurants and bars. For those commuting to work outside of the market town, New Milton train station is 0.3miles from the site and provides links to major cities such as Southampton, Bournemouth and Central London.

Parkland Place is located right in the middle of the shopping and office area on Old Milton Road and is adjacent to the main High Street on Station Road. There is a pay a display car park closeby and plenty of free on street parking along Old Milton Road.

Rating

Rateable Value £8,500
Source The 2024/2025 small business 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.

Terms

Available by way of a new full repairing and insuring lease for a term to be agreed at £10,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.

A three month rent deposit is to be held throughout the duration of the term.

Service Charge: Circa £325 per half year (plus VAT)

Note: It is understood VAT is payable on rents.

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 - C70

Anti Money Laundering

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.