LOCATION
The premises are located at the entrance to Edison Gate on Portway West Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.
DESCRIPTION
A factory/warehouse unit at the entrance to Edison Gate with pleasantly fitted ground floor offices, large mezzanine floor, goods lift, loading door 4.3 m (h) x 4.0 m [14’1” x 13’1”] separate personnel door, heating, lighting, kitchen, WCs and 6 parking spaces.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| GROUND FLOOR |
|
|
| Factory/Warehouse |
111.3 |
[1,198] |
| Office & Ancillary |
99.5 |
[1,071] |
| FIRST FLOOR |
|
|
| Mezzanine |
186.8 |
[2,011] |
| TOTAL |
397.6 |
[4,280] |
Approximate gross internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
|
£15,500.00 |
| Business Rates Payable 2024/25 |
|
£7,734.50 |
ENERGY PERFORMANCE CERTIFICATE
D79 - Valid until 14/03/2032.
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
TENURE
The premises are held on the residue of a 125 year ground lease from 04 November 1982 less 7 days, subject to 5 yearly ground rent reviews, and at a current ground rent of £3,500 pax.
PRICE
£275,000 fot the long-leasehold interest described above.
INSURANCE & SERVICE CHARGE
The buyer will be responsible for insuring the premises and paying for the maintenance of drains, gutters and the Edison Gate roadway on a pro-rata basis.
LEGAL COSTS
Each party to bear their own legal costs and the buyer to pay Test Valley Borough Council's costs as freeholder [usually about £1,350 per transaction - no VAT].
Ref: 3181C1
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