LOCATION
The premises are located on Portway East Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.
DESCRIPTION
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.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Factory/Warehouse |
1,741.5 |
[18,746] |
| Office & Ancillary |
213.0 |
[2,293] |
| Mezzanine Works Office |
69.2 |
[745] |
| TOTAL |
2,023.7 |
[21,784] |
ENERGY PERFORMANCE CERTIFICATE
Rating - C72.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£99,000.00 |
| Business Rates Payable 2017/18 |
£47,421.00 |
TENURE
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].
LEGAL COSTS
Each party to bear their own legal costs and the purchaser/tenant to pay the freeholder's costs.
Ref: 3983C
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