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

PLOT 55 PORTWAY WEST BUSINESS PARK, ANDOVER, SP10 3TY

Resized 3573C Front

LOCATION

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

DESCRIPTION

Detached factory/warehouse building on a 0.851 hectare [2.102 acre] site with large secure yard, well-fitted two-storey offices, internal eaves height 5.5 m [18'0"], 2 large loading doors, 2 tailgate loading doors, heating, lighting, sprinkler system, fire & security alarms and WCs together with extensive lorry and car parking.

ACCOMMODATION

  m2 [ft2]
Factory/Warehouse 3,227.0 [34,736]
Office & Ancillary 794.3 [8,550]
TOTAL 4,021.3 [43,286]

ENERGY PERFORMANCE CERTIFICATE

Rating - C54.

RATING ASSESSMENT

Rateable Value from 01/04/2017 £209.000
Business Rates Payable 2019/20 £105,336

TENURE

The premises are held on the residue of a 125 year ground lease from 15 February 1990, subject to 5 yearly non-downward ground rent reviews effectively to the open market rental value of the site without the buildings, and at a current ground rent of £48,337 pax [VAT is currently not charged].

TERMS

EITHER FOR SALE

Price £2,000,000 + VAT.

OR TO LET

On a new FRI lease for a period to be agreed at a commencing rent of £250,000 pax + VAT.

NB On a letting the landlord pays the ground rent.

LEGAL COSTS

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

Ref: 3573C

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