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

PLOT 33 HOPKINSON WAY, PORTWAY WEST BUSINESS PARK, ANDOVER, SP10 3ZE

3201C FRONT Resized

LOCATION

The premises are located in Hopkinson Way close to one of the entrances to Portway West Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.

DESCRIPTION

Detached factory/warehouse on a 0.27 hectare [0.67 acre] site with two-storey offices, internal eaves height 4.9 m [16'0"], heating, lighting, two large loading doors, kitchenette, WCs, generous parking, large yard and planning permission for a 262.2 m2 [2,822 ft2] extension.

SERVICES

Mains electricity, gas, water and sewerage.

ACCOMMODATION

  m2 [ft2]
Factory/Warehouse 535.5 [5,764]
Office & Ancillary 267.5 [2,879]
TOTAL 803.0 [8,643]

ENERGY PERFORMANCE CERTIFICATE

Rating - C68.

RATING ASSESSMENT

Rateable Value from 01/04/2017 £41,750.00
Business Rates Payable 2017/18 £19,445.50

TENURE

The premises are held on the residue of a 125 year ground lease from 12 September 1983, subject to non-downward ground rent reviews every 5 years, and at a current ground rent of £15,488 pax [VAT is not currently charged].

TERMS

EITHER

Price £500,000 + VAT for the ground lease interest described previously.

OR TO LET

On a new FRI lease for a period to be agreed at a commencing rent of £60,000 pax + VAT. [NB On a letting the landlord will pay the ground rent].

LEGAL COSTS

Each party to bear their own legal costs and the purchaser/tenant to pay Test Valley Borough Council's costs as freeholder [usually about £750 - no VAT].

Ref: 3201C

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