LOCATION
The premises are located in Hopkinson Way close to one of the entrances to Portway West Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.
DESCRIPTION
Detached factory/warehouse on a 0.27 hectare [0.67 acre] site with two-storey offices, internal eaves height 4.9 m [16'0"], heating, lighting, two large loading doors, kitchenette, WCs, generous parking, large yard and planning permission for a 262.2 m2 [2,822 ft2] extension.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Factory/Warehouse |
535.5 |
[5,764] |
| Office & Ancillary |
267.5 |
[2,879] |
| TOTAL |
803.0 |
[8,643] |
ENERGY PERFORMANCE CERTIFICATE
Rating - C68.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£41,750.00 |
| Business Rates Payable 2018/19 |
£20,040.00 |
TENURE
The premises are held on the residue of a 125 year ground lease from 12 September 1983, subject to non-downward ground rent reviews every 5 years, and at a current ground rent of £15,488 pax [VAT is not currently charged].
TERMS
EITHER
Price £500,000 + VAT for the ground lease interest described previously.
OR TO LET
On a new FRI lease for a period to be agreed at a commencing rent of £60,000 pax + VAT. [NB On a letting the landlord will pay the ground rent].
LEGAL COSTS
Each party to bear their own legal costs and the purchaser/tenant to pay Test Valley Borough Council's costs as freeholder [usually about £750 - no VAT].
Ref: 3201C
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