4 Mill Court, Sawmills, Durley, SO32 2EJ

  • Office
  • 1,877 sq ft
  • For Sale
4 Mill Court, Durley, Office For Sale - Picture25  07 10 2024.jpg
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Freehold
Property Type Office
Tenure For Sale
Size 1,877 sq ft
Price £395,000
Energy Performance Rating Upon enquiry

Part Income Producing / Part Vacant Possession

Key Features

  • 2-storey office premises
  • Gas central heating
  • Carpets and perimeter trunking
  • Part air-conditioning
  • 4 no. EV charging points
  • 10 car parking spaces
  • Kitchen and WC facilities

Description

4 Mill Court comprises a 2-storey terraced office building of traditional brick construction under a pitched slate covered roof. The property offers a range of open plan and private suites over ground and first floors with amenities including Velux windows, LED lighting, carpeting, gas central heating, perimeter trunking, part air-conditioning cassettes plus kitchenette and WC facilities. Externally, the property benefits from approximately 10 car parking spaces. We understand that the parking is presently split between 7 for the ground floor and 3 for the first-floor suite. The property also has the benefit of 4 no. EV charging points at the rear of the building.

Available area

The accommodation comprises the following net internal areas:

Name sq ft sq m Availability
Ground - Office accommodation 1,155 107.30 Let
1st - Offices including stores & kitchenette 722 67.08 Available
Total 1,877 174.38

Location

Durley is situated approximately 3 miles north of Hedge End which is accessed by Junction 7 of the M27. The village is easily accessible from Southampton, Portsmouth, Winchester and Bournemouth. Bishops Waltham is located approximately 2 miles to the northeast of Durley and provides a range of local amenities, as well as access to the M3 and A34. Both Botley and Hedge End railway stations are within 2 miles and offer frequent services to London Waterloo. Neighbouring occupiers on the Mill Court development include Highfield Professional Solutions, R & L Lancefield, BRICS Development, IDS Media UK plus Breheny Civil Engineering.

Terms

Freehold sale with vacant possession of the first floor, plus the existing lease on the ground floor suite. Breheny Civil Engineering Ltd hold a 10 year effective FRI lease by way of service charge excluded from the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II (as amended). The lease runs from September 2022 and incorporates an upwards only rent review and tenant only break option in the 5th year. The passing rent equates to £17,000 pax.

Rateable Value

The property has been assessed to have the following RV's
Effective from 1st April 2023
Ground floor - £16,250 - First floor - £ 9,700

EPC

Ground floor C-70 - First floor - D-83