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

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

Resized 3573C Front

LOCATION

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

DESCRIPTION

A detached factory/warehouse building on a 0.851 ha [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 5.0 m (h) x 4.0 m [16'5" x 13'1"], 2 tailgate loading doors 2.9 m (h) x 2.4 m [9'6" x 7'10"], heating, lighting, sprinkler syste, fire alarm, security alarm and WCs together with extensive lorry and car parking. 

SERVICES

Mains electricity, gas, water and sewerage.

ACCOMMODATION

  m2 [ft2]
Factory/Warehouse 3,227.0 [34,746]
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 2018/19 £103,037

TENURE

The premises are held on the residue of a 125 year ground lease from 15 February 1990, subject to 5 yearly non-downward 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 not currently 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 + VAT. [NB On a letting the landlord pays the ground rent]. 

LEGAL COSTS

Each party to bear their own legal costs and the purchaser/tenant to pay the freeholder's costs [usually about £750 - VAT is currently not charged].

Ref: 3573C

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