 
UNIT 1 UNIT 2
 
UNIT 3 UNIT 4
 
UNIT 5 UNIT 6
LOCATION
The premises are located in Charlton Road, Andover, to the rear of Charlton Road Garage, close to Andover War Memorial Hospital and about 1 mile to the north-west of Andover town centre.
The Andover area currently has a population in the region of 52,000 people and is scheduled to grow further over the next few years.
The town is the home of the Administrative Headquarters of the British Army’s Land Forces and many well known Companies are located in the Andover area including Euronics, Simplyhealth, Le Creuset, Lloyds Banking Group, Ocado, Petty Wood, Stannah Lifts and Twinings to name but a few.
DESCRIPTION
The premises comprise six factory/warehouse units in three detached buildings which are all let on a site of approximately 0.43 hectares [1.07 acres].
Current income £55,700 pax but potential for considerable rental growth.
ACCOMMODATION
| UNIT |
|
m2 |
[ft2] |
| |
|
|
|
| 1 |
Ground Floor |
118.4 |
[1,275] |
| |
Mezzanine |
59.0 |
[635] |
| |
TOTAL UNIT 1 |
177.4 |
[1,910] |
| |
|
|
|
| 2 |
Ground Floor |
316.8 |
[3,410] |
| |
TOTAL UNIT 2 |
316.8 |
[3,410] |
| |
|
|
|
| 3 |
Ground Floor |
170.6 |
[1,836] |
| |
TOTAL UNIT 3 |
170.6 |
[1,836] |
| |
|
|
|
| 4 |
Ground Floor |
290.6 |
[3,128] |
| |
TOTAL UNIT 4 |
290.6 |
[3,128] |
| |
|
|
|
| 5 |
Ground Floor |
48.9 |
[526] |
| |
TOTAL UNIT 5 |
48.9 |
[526] |
| |
|
|
|
| 6 |
Ground Floor |
111.0 |
[1,195] |
| |
Mezzanine |
33.2 |
[357] |
| |
TOTAL UNIT 6 |
144.2 |
[1,552] |
| |
|
|
|
| |
TOTAL UNITS 1-6 |
1,148.5 |
[12,362] |
SERVICES
Mains electricity, water and sewerage.
RATING ASSESSMENT
| UNIT |
DESCRIPTION |
RATEABLE VALUE |
| |
|
|
| 1 |
Workshop & Premises |
£14,250 |
| 2 |
Workshop & Premises |
£20,250 |
| 3 |
Workshop & Premises |
£11,500 |
| 4 |
Workshop & Premises |
£18,250 |
| 5 |
Shop & Premises |
£6,000 |
| 6 |
Store & Premises |
£7,200 |
ENERGY PERFORMANCE CERTIFICATES
| UNIT |
RATING |
VALID UNTIL |
| |
|
|
| 1 |
E117 |
04/07/2035 |
| 2 |
Exempt |
|
| 3 |
D91 |
08/08/2025 |
| 4 |
Exempt |
|
| 5 |
C73 |
06/07/2035 |
| 6 |
D80 |
06/07/2025 |
TENURE
Freehold with the benefit of a right of way across Charlton Road Garage.
LETTINGS
Each tenant has an annual option to break with 3 months' notice and all leases have security of tenure excluded at the end of the term.
| UNIT |
TENANT |
LEASE |
REVIEW |
USE |
RENT PAX |
| |
|
|
|
|
|
| 1 |
Richard Storey |
5 year FRI from 01/04/2022 |
01/04/2025 |
Car Sales |
£7,800 |
| 2 |
Philip Kearney |
5 year FRI from 01/11/2024 |
01/11/2027 |
Vehicle Repairs & Maintenance |
£15,000 |
| 3 |
Anthony Burley |
5 year FRI from 01/11/2025 |
01/11/2028 |
Vehicle Storage & Refurbishment |
£8,000 |
| 4 |
Anthony Burley |
5 year FRI from 19/09/2022 |
19/02/2025 |
Coachworks |
£11,700 |
| 5 |
Christopher Morris |
5 year FRI from 01/06/2021 |
01/06/2024 |
Hairdressers Salon |
£6,900 |
| 6 |
Michael Wake |
5 year FRI from 01/01/2026 |
01/01/2029 |
Painters & Decorators Storage & Office |
£6,300 |
| |
|
|
|
|
|
| |
TOTAL |
|
|
|
£55,700 |
TERMS
Offers invited in the region of £750,000.
VAT
VAT is not currently charged.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4016C
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