LOCATION
The site is located in a prominent corner position opposie Twinings at the junction of Central Way and South Way, on Walworth Business Park which lies on the eastern outskirts of Andover next to the ring-road which leads onto the A303 dual-carriageway.
DESCRIPTION
Prominent vacant corner site with excellent road communications suitable for new industrial/ warehouse buildings to occupiers' requirements from 929.0 - 3,716 m2 [10,000 - 40,000 ft2]. Either site for sale or new buildings for sale/to let.
SERVICES
Mains electricity, gas, water, and sewerage.
TENURE
The site is held on the residue of a 125 year ground lease from 19 April 2004, subject to a non-downward ground rent review on 19 April 2069 effectively to 5% of the open market rental value of the buildins assuming a minimum gross internal area of 3,158.7 m2 [34,000 ft2] and at a current ground rent of £2,000 pax [VAT is not currrently charged].
TERMS
1) Offfers invited in the region of £600,000 + VAT for the site.
2) Buildings can be provided to occupiers' requirements on either a sale or lease basis - further details on request.
LEGAL COSTS
The purchaser or tenant will be responsible for all parties' legal costs.
Ref: 3847C
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