LOCATION
The premises are located in Knights Court, off Magellan Close, on Walworth Business Park which lies on the eastern outskirts of Andover next to the ring-road which leads onto the A303 dual-carriageway.
DESCRIPTION
Detached, two-storey, high-office content, business unit with heating, lighting, air-conditioning, kitchenette, WCs & 2 loading doors 3.0 m(h) x 3.0 m [9'10" x 9'10"] together with 13 car parking spaces & comunal parking.
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Ground Floor Factory/Warehouse |
131.3 |
[1,413] |
| Ground Floor Office & Ancillary |
103.4 |
[1,113] |
| First Floor Office & Ancillary |
236.3 |
[2,543] |
| |
|
|
| TOTAL |
471.0 |
[5,069] |
ENERGY PERFORMANCE CERTIFICATE
Rating - D92.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£32,750.00 |
| Business Rates Payable 2018/19 |
£15,720.00 |
TENURE
The premises are held on a ground lease for the residue of 125 years less 3 days from 01 August 1989, subject to non-downward ground rent reviews every 5 years, effectively to 40.6% of the ground rent for the whole of Knights Court and at a current ground rent of £4,669 pax [VAT is currently not charged].
TERMS
EITHER FOR SALE
Price £350,000 for the benefit of 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 £40,000 pax [NB On a letting the landlord pays the ground rent].
VAT is not currently charged.
LEGAL COSTS
Each party to bear their own legal costs and the purchaser to pay the superior landlords' costs.
Ref: 3640C4&5
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