Light industrial to let in 72-94 Millbank Street, Southampton, Hampshire SO14

Description

The property is located on Millbank Street in the Northam district of Southampton. The city centre and docks are located within 1 mile of the subject property providing an excellent opportunity for all last mile delivery businesses.

The property is one of the very few high bay warehouses in the city. It currently operates as a document storage facility with fitted racking and motored lift.

Accommodation

Warehouse - 3,496 sq.ft
Canopy Area - 476 sq.ft

Total gia - 3,972 sq.ft

Rating

Rateable Value £20,750
Source The 2021/2022 standard multiplier is 0.499 (4.99p payable per £1). The 2020/2021 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 £36,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.

Planning

We understand the use class to be 'B8 warehouse'. Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating - E103

High bay warehouse in central Southampton