Suites E1 And E2 Epsilon House Southampton Science, Chilworth, Southampton, SO16 7NS

Description

The Southampton Science Park is located approximately one mile from junction 14 of the M3 motorway within close proximity of its
links to the M27. The Science Park is also conveniently located for Southampton Parkway Station providing a mainline railway connection to London Waterloo and Southampton International Airport. The subject property is located off University Parkway which connects to Chilworth Road (A27).

The office suites form part of exceptional commercial accommodation with shared facilities such as coffee shops, gym and childcare.
The suites are a modern fitout with ultra-fast broadband and air conditioning. The space benefits from a glass partitioned area suitable for meetings and a bespoke laboratory. There is round the clock access and 24/7 CCTV and benefits from 8 allocated parking spaces.

Accommodation

Net Internal Area - 1,657 sq.ft (153.90 sq.m)

Planning

We believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Asset Rating - C(52)

Rating

Rateable Value £29,000
Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (XXX 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 an assignment of an existing lease at a passing rent of £31,285 per annum, exclusive of rates, VAT (if applicable) and all other outgoings. The current tenant is offering a 50% discount, for the remaining 1 year term for a new potential tenant until the break clause, therefore the initial rent is £15,912.50 per annum.

The existing lease was granted for a term of 5 years, expiring at 14 February 2028. There is approximately 3 years remaining with a tenant break on 15 February 2026.

Note: New lease may be available on terms to be agreed.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is payable on rents.
( Agency Pilot Software ref: 10623 )