.......................................... specialising in commercial property since 1981

ALDWYCH HOUSE, WINCHESTER STREET, ANDOVER, SP10 2EA

3214C RESIZED

LOCATION

The premises are located in a prominet location overlooking the town's inner ring road within a few minutes walk of the town centre and close to several town centre car parks.

DESCRIPTION

A prestigious, three-storey, office building with two excellent tenants in a prominent location overlooking the town's inner ring road with self-contained but interconnected east & west wings, suspended ceilings with recessed lighting, gas-fired central heating, three compartment skirting and floor trunking, carpets, accessible female & male cloakrooms, passenger lift and 11 parking spaces.charged].

SERVICES

Mains electricity, gas, water and sewerage.

ACCOMMODATION

    EAST WING         WEST WING
   m2 [ft2]      m2   [ft2]
Ground Floor 38.5 [414]     168.9   [1,818]
First Floor  60.9 [655]     152.5   [1,641]
Second Floor 75.0 [807]     151.8   [1,634]
TOTALS 174.4

[1,876]

    [473.2]   [5,093]

RATING ASSESSMENTS

East Wing £19,000
West Wing £53,000

ENERGY PERFORMANCE CERTIFICATE

East Wing   C61     18/07/2011  
West Wing  Ground Floor C56     16/03/2012  
  First Floor C60     18/07/2011  
  Second Floor          

BUSINESS IMPROVEMENT DISTRICT

The premises are within a BID and are subject to a charge of 2% of the Rateable Value per year payable by the tenants.

LEASES

East Wing

Let to Beck Randall & Carpenter Ltd [Company Number 03179560] on a 10 year fRO lease from 13 June 2012 subject to 5 yearly non-downward rent reviews, tenant option to break on 13 June 2017 with noless than 6 months’ prior written notice and at a current rent of £19,500 pax + VAT.

Beck Randall & Carpenter Ltd t/a BRC accountants are a firm of Chartered Accountants originally established in 1969 as the Andover Office of a regional firm and the Accounts for the Year Ending 30 April 2018 show Net Assets of £255,515. The next Accounting Period was extended to 31 October 2019.

West Wing

Let to Be Wiser Insurance Services Ltd [Company Number 6097813] on a 15 year FRI lease from 21 February 2014 subject to 5 yearly non-downward RPI rent reviews, tenant options to break at 20 February 2019 and 20 February 2024  with no less than 6 months’ prior written notice. And at a current rent of  £49,295 pax + VAT.

Be Wiser Insurance Services Ltd is an Insurance Broker and the Accounts for the Year Ending 31 May 2019 show a Turnover of £21,816,000 and Net Assets of £1,318,000.

PRICE

£1,000.000 + VAT which will show a purchaser a net initial yield of about 6.51% after deducting purchaser’s costs of 1.75% and SDLT.

LEGAL COSTS

Each party to bear their own legal costs.

Ref: 3214C

 

Request Property Details

Powered by Intergage