The premises are located on Portway East Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.
A detached, recently extended factory/warehouse building on a site of 0.408 hectares [1.007 acres] with well-fitted two-storey offices, an internal eaves height of 4.8 m [15'9"], three loading doors, heating, lighting, kitchenettes, WCs and ample parking.
Mains electricity, gas, water and sewerage.
|Office & Ancillary
|Mezzanine Works Office
ENERGY PERFORMANCE CERTIFICATE
Rating - C72.
|Rateable Value from 01/04/2017
|Business Rates Payable 2017/18
The premises are held on the residue of a 125 year ground lease from 06 August 1979, subject to non-downward ground rent reviews every 5 years effectively to 18% of the open market rental value of the premises, and at a current fround rent of £17,042 pax [VAT is not currently charged].
TERMS - PRICE/RENT REDUCED
Either For Sale
Price of £675,000 + VAT for the ground lease interest described above.
Or To Let
On a new FRI lease for a period to be agreed at a commencing rent of £90,000 pax + VAT. [NB The landlord will be responsible for paying the ground rent].
Each party to bear their own legal costs and the purchaser/tenant to pay the freeholder's costs.
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