LOCATION
The premises are located in the Focus 303 Business Centre which is approached along Focus Way, off South Way, on the 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 small business unit suitable for light industrial, warehousing & office uses with tinted glazed front elevation, small glazed loading door 2.0 m (h) x 1.9 m [6’7” x 6’3”], separate personnel door, lighting, kitchenette, accessible WC and 3 parking spaces.
SERVICES
Mains electricity, gas (no meter), water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Office/Factory/Warehouse |
59.1 |
[636] |
| Kitchenette & WC |
4.8 |
[52] |
| TOTAL |
63.9 |
[688] |
Approximate gross internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£8,100.00 |
| Business Rates Payable 2024/25 |
£4,041.90 |
| 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 their premises is less than £15,000.
ENERGY PERFORMANCE CERTIFICATE
E105 - Valid until 29/07/2028.
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 ground lease for 125 years less 3 days from 29 April 1988, subject to 5 yearly non-downward ground rent reviews, effectively to 10% of the open market rental value of the premises, and at a current ground rent of £875 pax + VAT.
TERMS
EITHER FOR SALE
Price £115,000 + VAT for the ground lease interest described above.
OR TO LET
On a new FRI lease for a period to be agreed at a commencing rent of £10,000 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 - £620 + VAT
LEGAL COSTS
Each party to bear their own legal costs and the incoming buyer/tenant to pay Test Valley Borough Council’s costs as freeholder [usually about £1,350 per transaction - no VAT].
Ref: 3557C19
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