LOCATION
The premises are located in Galileo Park, off Mitchell Close, on Portway West Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.
DESCRIPTION
End of terrace, factory/warehouse unit with office and storage above, internal eaves height 3.9 m [12’9”], gas-fired space heater, lighting, loading door 3.7 m (h) x 3.2 m [12'1" x 10’6”], separate personnel door, lighting, WC and 3 parking spaces.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Factory/Warehouse |
82.5 |
[888] |
| Office & Ancillary |
31.3 |
[337] |
| TOTAL |
113.8 |
[1,225] |
Approximate gross internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£11,000.00 |
| Business Rates Payable 2024/25 |
£5,489.00 |
| With Small Business Rate Relief 2024/25 |
£0.00 |
In England and Wales small businesses are generally entitled to Small Business Rate Relief if they only occupy one commercial property and the Rateable Value of that property is less than £15,000.
ENERGY PERFORMANCE CERTIFICATE
E118 - Valid until 03/08/2027.
LEASING BUSINESS PREMISES
The Code for Leasing Business Premises, England and Wales 2020 is available to download at: www.rics.org/globalassets/code-for-leasing_ps-version_feb-2020.pdf
TERMS
To let on a new FRI lease for a period to be agreed at a commencing rent of £12,250 pax + VAT.
SERVICE CHARGE
There will be a service charge to cover maintenance of common parts, management of the development and insurance of the building.
Estimate 2024 - £1,425 + VAT.
LEGAL COSTS
Each party to bear their own legal costs and the incoming tenant to pay Test Valley Borough Council's costs as freeholder costs [usually about £1,350 per transaction - no VAT].
Ref: 3371C1
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