 
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] |
Approximate gross internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£122,000.00 |
| Business Rates Payable 2024/25 |
£62,464.00 |
ENERGY PERFORMANCE CERTIFICATE
D80 - valid until 12/06/2027.
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
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 £1,350 per transaction - no VAT].
Ref: 3323C
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