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

PLOT 17 NORTH WAY, WALWORTH BUSINESS PARK, ANDOVER, SP10 5AZ

3323C Front RESIZED

3323C Rear RESIZED  3323C Yard RESIZED

LOCATION

The premises are located in North Way on Walworth Business Park which lies on the eastern outskirts of Andover next to the ring road giving easy access to the A303 dual-carriageway.

 

DESCRIPTION

Detached factory / warehouse building with two-storey offices in need of comprehensive refurbishment and on a large secure site of 0.74 hectares [1.84 acres] with scope for additional development. The premises have an internal eaves height of 4.9 m [16'1"], gas-fired heating throughout, lighting and three loading doors.

SERVICES

Mains electricity, gas, water and sewerage.

ACCOMMODATION

  m2 [ft2]
Factory / Warehouse 1,675.0 [18,030]
Office & Ancillary 298.6 [3,214]
     
TOTAL 1,973.6 [21,244]

ENERGY PERFORMANCE CERTIFICATE

D80 - valid until 12/06/2027.

RATING ASSESSMENT

Rateable Value from 01/04/2017 £85,000.00
Business Rates Payable 2022/23 £43,520.00

TENURE

The premises are held on the residue of a 125 year ground lease from 01 December 1997 - 30 November 2122, subject to non-downward ground rent reviews every 20 years effectively to 18% of the rack rental value of the premises and at a current ground rent of £19,750 pax.

TERMS

EITHER FOR SALE

Price £800,000 + VAT.

OR TO LET REFURBISHED

On a new FRI lease for a period to be agreed at a commencing rent of £150,000 pax + VAT.

LEGAL COSTS

Each party to bear their own legal costs and the purchaser/lessee to pay Test Valley Borough Council's costs as freeholder [usually about £1,100].

Ref: 3323C

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