.......................................... specialising in commercial property since 1981

UNITS 4 & 5 KNIGHTS COURT, MAGELLAN CLOSE, WALWORTH BUSINESS PARK, ANDOVER, SP10 5NT

3640C45 New

3640C45 OFF Resized

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 2017/18 £15,261.50

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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