LOCATION
The premises are located on North Way on Walworth Business Park, which lies on the eastern outskirts of Andover next to the ring-road giving easy access to the A303 dual-carriageway.
DESCRIPTION
A detached factory/warehouse building with two-storey offices on a 0.51 ha [1.27 acre] site with main internal eaves height of 6.4 m [21'0"], heating & lighting throughout, WC facilities, 2 loading doors 5.0 m (h) x 3.6 m [16'5" x 11'10"] & 3.1 m (h) x 2.6 m [10'2" x 8'6"], extensive parking and security fencing.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Main Factory/Warehouse |
1,439.2 |
[15,492] |
| Front Factory/Warehouse |
436.6 |
[4,700] |
| Office & Ancillary |
322.0 |
[3,466] |
| Additional Strorage Area |
269.8 |
[2,904] |
| TOTAL |
2,467.6 |
[26,562] |
ENERGY PERFORMANCE CERTIFICATE
Rating - C51.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£115,000 |
| Business Rates Payable 2017/18 |
£ 55,085 |
TENURE
The premises are held on the residue of a 125 year ground lease from 18 August 2009, subject to 5 yearly non-downward ground rent reviews effectively to 17% of the open market rental value of the premises, and at a current ground rent of £20,000 pax [VAT is not currently charged].
TERMS
Either For Sale
Price £1,200,000 + VAT for the long-leasehold interest described above.
Or To Let
On a new FRI lease for a period to be agreed at a commencing rent of £140,000 pax + VAT. [NB 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 - No VAT].
Ref: 3717C
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