Property for sale
£38,000 per annum
Assignment or sub-lease available
7 Parking spaces
(Flexible Terms Considered)
The premises are situated on the eastern fringes of the City centre with convenient access to all its amenities and principle shopping locations, together with the nearby public car park in Culver Street. Road communications to the property are good with access to the Ring Road within approximately 0.5 miles. Southampton is situated within approximately 24 miles via the A36 and M27.
Salisbury Railway Station is within a level walk (approx 12 minutes) with mainline connections to London (Waterloo) (approx 1 Hr 28 mins), Bristol and Southampton.
Salisbury is an historic Cathedral City set in the heart of central southern England with a district population of 114,613 (source: 2001 census). There is a street market on Tuesdays and Saturdays and the district attracts over 3 million tourists a year.
Milford House is modern three storey multi-let office building with a communal entrance door to the front elevation. The Suite is situated on the ground floor and is accessed directly from the communal reception area. There is a further entrance to the Suite from the car park. The accommodation comprises a mix of cellular and open plan offices with low level perimeter heating, surface mounted Cat II lighting, carpeting and integral WC and kitchenette facilities.
A total of seven parking spaces are allocated to the Suite. Further parking is available in the nearby Culver Street Multi-Storey car park as well as a number of other Pay & Display car parks situated in the City Centre.
Approx net internal areas:- Ground Floor Suite 399.5 sq m (4,300 sq ft).
The Suite is offered by way of an assignment of the existing full repairing and insuring lease (by way of service charge) expiring 28 September 2015 or alternatively on a new sub-lease on similar terms. More flexible terms may be considered.
£38,000 per annum exclusive of VAT, business rates, buildings insurance, service charge and all other outgoings. The parking spaces are held on a separate lease at a rent of £7,000 per annum.
A service charge is levied to cover the cost of the maintenance and cleaning of the common parts of the building and includes central heating. Further information is available upon request.
Rateable Value:- £43,750
The standard multiplier for the year 2012/13 is 45.8 p in the £.
We understand that all mains services are connected to the property.
Woolley and Wallis Commercial have not tested the services mentioned in these particulars.
Planning and VAT:
Prospective purchasers and tenants must satisfy themselves as to the permitted planning uses for the property and also whether VAT is applicable to this transaction.
Both parties reasonable legal costs are to be borne by the ingoing tenant.
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.
Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Energy Performance Certificate:
A copy of the Certificate is attached to these particulars.
Neighbourhood average sold house prices
Based on 3 transactions covering the past 5 years. Prices are not adjusted for inflation. Data is supplied by the Land Registry.
Woolley & Wallis - Salisbury
51-61 Castle Street, Salisbury, Wiltshire, SP1 3SU