LOCATION
The premises are prominently located on North Way, within the Walworth Business Park which lies on the eastern outskirts of Andover, next to the ring road which leads onto the A303 dual carriageway.
Andover has a population in the region of 52,000 people and is scheduled to grow further over the next few years.
The town has become the home of the administrative headquarters of the British Army’s Land Forces and the Co-operative Group’s 43,484 m² distribution depot.
Many well-known companies are located in the Andover area including Euronics, Simplyhealth, Le Creuset, Lloyds Banking Group, Ocado, Petty Wood, Stannah Lifts and Twinings to name but a few.
DESCRIPTION
The premises comprise a detached, industrial/warehouse building with air-conditioned two-storey offices, WCs and shower facilities, all on a site of 0.77 hectares [1.91 acres].
The premises have an internal eaves height of 7.1 m (23’ 4”), 11 level access loading doors and LED lighting throughout together with excellent parking, yard and lorry turning facilities.
A complete refurbishment program has recently been completed, which includes a complete overhaul of the roof and gutter systems, full redecoration, new floor finishes and new roller shutter loading doors.
A new 438 kWp Solar PV system has been installed on the roof with a PV Generator surface of 1,939.2 m2 [20,874 ft2]
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Factory / Warehouse |
4,047.6 |
[43,568] |
| Office & Ancillary |
322.1 |
[3,467] |
| TOTAL |
4,369.7 |
[47,035] |
Approximate gross internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
To be assessed.
ENERGY PERFORMANCE CERTIFICATE
A+
LEASING BUSINESS PREMISES
The Code for Leasing Business Premises, England and Wales 2020 is available to download at: www.rics.org/globalassets/code-for-leasing_ps-version_feb-2020.pdf
TERMS
To be let on a new FRI lease for a period to be agreed at a commencing rent of £450,000 pax + VAT.
LEGAL COSTS
Each party to bear their own legal costs and the incoming tenant to pay Test Valley Borough Council's costs as freeholder [usually about £1,350 per transaction - no VAT].
Ref: 4194C
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