LOCATION
The premises are located next to Scxrewfix 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
Prominent factory / warehouse / trade counter unit in pleasant landscaped courtyard with attractive glazed front elevation, ground floor offices, mezzanine storage, internal eaves height 4.5 m [14’9”], large loading door 3.5 m (h) x 3.6 m [11’6” x 11’10”], separate personnel door, lighting, kitchenette WCs and 10 parking spaces.
SERVICES
Mains electricity, gas (no meter), water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Factory/Warehouse/Trade Counter |
313.9 |
[3,379] |
| Office & Ancillary |
84.7 |
[912] |
| Mezzanine Storage |
64.4 |
[693] |
| TOTAL |
463.0 |
[4,984] |
ENERGY PERFORMANCE CERTIFICATE
Rating - E125.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£17,250.00 |
| Business Rates Payable 2019/20 |
£8,469.75 |
TENURE
The premises are held on the residue of a 10 year FRI lease from 24 May 2018, subject to a non-downward rent review after 5 years, tenant option to break at the 5 year point and at a current rent of £32,500 pax + VAT.
TERMS
Lease to be assigned at nil premium.
SERVICE CHARGE
There will be a service charge to cover the maintenance of the common parts, the management of the development and the insurance of the building.
LEGAL COSTS
Each party to bear their own legal costs, the assignor to pay the immediate landlord’s costs and the assignee to pay Test Valley Borough Council’s costs as freeholder [usually about £1,1,00].
Ref: 3794CB
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