1. Property photo 1 of 18 Picture No. 07
  2. Property photo 2 of 18 Picture No. 03
  3. Property photo 3 of 18 Picture No. 18

£183,284 pa

(£9.50/sq. ft. pa)

Warehouse to let
Millbank Street, Southampton, Hampshire SO14

    • 19,293 sq. ft

Added on 11/12/2024

About this property

  • To Let - detached warehouse unit with gated yard

  • Quoting rent - £9.50 per square foot exclusive

  • 19,293 sq. Ft. / 1,792 sq. M. Gia

  • Recently renovated

  • New roof

  • Concrete floor

  • Three phase electricity

  • 5 Full height roller shutter loading doors

  • 2 tailgate roller shutter loading doors

  • External yard approximately 7,400 sq. Ft. / 687 sq. M.

Recently-renovated c. 20,000 sq ft warehouse unit with gated yard in Northam, just 1 mile from Southampton Docks. Suited to storage and distribution use (B8).

16 Millbank Street comprises a recently-renovated detached storage and distribution warehouse unit (B8 Use Class) of steel portal frame construction with brick elevations, partially clad in profiled steel cladding under a new pitched roof with in-built skylights and providing clear span accommodation. Access is via 5 full height loading doors plus two tailgate loading doors, plus a personnel doorway. Amenities within the warehouse include a solid concrete floor and a brand-new three phase electricity. An external canopy provides a covered loading area of approximately 2,200 sq ft to 3 of the full height shutters plus the tailgate loading doors and the yard area extends to c 7,400 sq ft.
Situation

The warehouse is prominently located on Millbank Street, Northam, a busy road leading into Southampton city centre. Northam is an established industrial and marine location, as well as attracting a number of trade operators. Elliott Builders Merchants are adjacent to the property with South Coast Building Supplies, Magnet and Speedy Hire all close by. The location benefits from good access to Ocean Village and its marina, the city centre and the docks are all within a mile. Motorway connections are in close proximity as below:

J3 M27
- 5.5 miles to the west

J5 M27 - 4.4 miles to the north

J7 M27 - 4.5 miles to the east

Accommodation

A measured survey has been undertaken which identified the following approximate gia:

Warehouse Sq. Ft. Sq. M.
Main unit 15,465.7 1,436.8
Raised loading floor 3,045.1 282.9
Undercroft 782.5 72.7
Total gia 19,293.3 1,792.4
Tenure

Available to rent on a new full repairing and insuring lease on terms to be agreed, at a quoting rent of £9.50 per square foot (£183,283.50 pa) plus VAT, exclusive of any other occupational costs.
Rateable value

The warehouse has a rateable value of £85,500, according to the Valuation Office Agency website, however this includes an office block that has now been demolished. A new assessment would be required, which may reduce the overall liability. Interested parties should always make their own enquiries into business rates.
EPC rating

Rated C (68) under certificate reference which is valid until 28th January 2031.
Legal costs and VAT

Each party is expected to bear their own legal costs in any transaction.

The building is Opted to Tax therefore VAT will be applicable.
Viewings

All enquiries and appointments to view must be made through the sole agents Trinity Rose Commercial on or by emailing

More information

Report this listing