LOCATION
The premises are located in Hunting Gate on Portway East Business Park which lies on the western outskirts of Andover giving easy access to the A303 dual-carriageway.
DESCRIPTION
Three adjoining factory /warehouse / trade counter units to be comprehensively refurbished with internal eaves heights of 4.6 m [15’1”], loading doors, separate personnel doors, lighting, WCs and generous parking.
Nearby occupiers include: Alliance Automotive Group; Brewers; City Plumbing Supplies; CJ Flooring; County eBikes; Eurocell; GAP; Inetic; Scratch Print Products; Screwfix & Systemair
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| UNIT Q |
|
|
| Factory/Warehouse |
428.1 |
[4,608] |
| WCs |
13.2 |
[142] |
| UNIT Q TOTAL |
441.3 |
[4,750] |
| |
|
|
| UNIT R |
|
|
| Factory/Warehouse |
434.0 |
[4,672] |
| WCs |
13.4 |
[144] |
| UNIT R TOTAL |
447.4 |
[4,816] |
| |
|
|
| UNIT S |
|
|
| Factory/Warehouse |
366.9 |
[3,949] |
| Offices |
65.3 |
[703] |
| WCs |
13.4 |
[144] |
| UNIT S TOTAL |
445.6 |
[4,796] |
Approximate gross internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
The three units are currently assessed together but we set out indicative figures below.
| UNIT Q |
|
| Rateable Value from 01/04/2026 |
£32,000.00 |
| Business Rates Payable 2026/27 |
£14,144.00 |
| |
|
| UNIT R |
|
| Rateable Value from 01/04/2026 |
£32,250.00 |
| Business Rates Payable 2026/27 |
£14,254.50 |
| |
|
| UNIT S |
|
| Rateable Value from 01/04/2026 |
£33,250.00 |
| Business Rates Payable 2026/27 |
£14,696.50 |
ENERGY PERFORMANCE CERTIFICATE
To be reassessed.
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 be let on a new FRI lease for a period to be agreed at the following commencing rents:
| Unit Q |
£47,500 pax + VAT |
| Unit R |
£48,000 pax + VAT |
| Unit S |
£48,000 pax + VAT |
ADDITIONAL COSTS
The tenant will be responsible for repaying the landlord for insuring the buildings.
The tenant will be responsible for paying a service charge for the maintenance of the common parts and the management of the development.
LEGAL COSTS
Each party to bear their own legal costs and the incoming tenant to pay Test Valley Borough Council’s costs as freeholder [usually about £1,500 per transaction - no VAT].
Ref: 3125CQRS
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