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.
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.
ENERGY PERFORMANCE CERTIFICATE
Rating - C54.
|Rateable Value from 01/04/2017
|Business Rates Payable 2019/20
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].
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.
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].
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