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COVID-19 caused the residential market to pause following a spring bounce. As we exit lockdown we are seeing the strong pre-COVID market return. We are here to help so please call us if you are thinking about buying or selling or require expert property advice.
Stay safe, keep well and stay in touch.
COVID-19 caused the residential market to pause following a spring bounce. As we exit lockdown we are seeing the strong pre-COVID market return. We are here to help so please call us if you are thinking about buying or selling or require expert property advice.
Stay safe, keep well and stay in touch.
Modern detached business unit on popular Estate. 1,647 sq ft (153.0 sq m)
Convenient access to M27 (Junction 9)
Four parking spaces plus loading area
New lease
Description
The premises comprise a modern, detached business unit with part brick and part profile metal sheet elevations under a pitched metal sheet roof incorporating translucent panels. The unit provides clear-span workshop/warehousing accommodation together with a small reception office, kitchen area and WC. The warehouse has a minimum eaves height of approximately 3.5 m (116). A sectional up and over loading door 3.6 m (w) x 3.0m (h) is incorporated into the front elevation. There is florescent lighting. Externally there are four allocated parking spaces immediately to the front of the property.
Note: a restrictive covenant prevents the units on the Estate from being used for most purposes connected with vehicle maintenance/repairs or the fitting of tyres or exhausts.
Accommodation
Approximate Gross Internal Areas
m2 ft2
Warehouse/Workshop 128.1 1,379
Reception office, kitchen
and WC 24.9 268
Total 153.0 1,647
Lease
The premises are available on a new full repairing and insuring lease on terms to be agreed.
Rent
£16,500 per annum. We are advised that VAT is not applicable.
Rent is exclusive of buildings insurance, Estate service charge and all other outgoings.
Service Charge
The management company for Kingdom Park levies a service charge to cover the maintenance of the common areas of the Estate. The contribution payable by Unit 12 for the year 2020/21 is approximately £800 (exclusive of VAT).
Business Rates
Rateable Value £11,750
The small business rate multiplier for the year 2020/21 is 49.9 p in the £. However, where the rateable value is £12,000 or less, eligible ratepayers will receive 100% small business rate relief and therefore no rates will be payable.
Services
We understand that mains electricity (including 3-phase), water and drainage are connected to the property. Gas is available, but not currently in use.
Caution
Woolley and Wallis Commercial have not tested the services mentioned in these particulars.
Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.
Legal Costs
Each party to pay their own.
Code of Practice
You should be aware that the Code of Practice on commercial leases in England and Wales recommends that you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy agreement. The code is available from professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk.
References
Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Viewing
Strictly by appointment only through Woolley & Wallis Commercial (01722 330333)
Kingdom Close is situated just off Brunel Way with convenient access to the A27 and the M27 at Junction 9 (Segensworth). Segensworth is situated roughly midway between Southampton and Portsmouth.
