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

UNIT 1 GALILEO PARK, MITCHELL CLOSE, PORTWAY WEST BUSINESS PARK, ANDOVER, SP10 3XQ

3371C1 RESIZED 2023

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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