 
LOCATION
The premises are located on Portway East Business Park which lies on the western outskirts of Andover giving easy access to the A303 dual-carriageway.
DESCRIPTION
Detached factory/warehouse building with offices, loading canopy, and large concreted yard all on a site of 0.64 hectares [1.58 acres] but about 40% of the site has been sub-let and will produces an income of £18,900 pax.
ACCOMMODATION
| |
m2 |
[ft2] |
| Ground Floor |
|
|
| Factory/warehouse with entrance hall, stairs, works offices & WCs |
488.0 |
[5,253]] |
| |
|
|
| First Floor |
|
|
| Offices comprising four offices, kitchen & WCs |
137.6 |
[1,481] |
| |
|
|
| Mezzanine |
51.7 |
[556] |
| |
|
|
| Loading canopy |
201.0 |
[2,164] |
| |
|
|
| TOTAL |
878.3 |
[9,454] |
ENERGY PERFORMANCE CERTIFICATE
Rating - G163.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£41.500.00 |
| Business Rates Payable 2020/21 |
£20,708.50 |
TENURE
The premises are held on the residue of a 99 year ground lease from 01 April 1972 - 31 March 2071 , subject to non-downward ground rent reviews every 25 years effectively to the open market rental value of the site without the buildings, and at a current ground rent of £33,500 pax [VAT is currently not charged]. A new longer ground lease may be available if required.
An area of 433.6 m2 [4,667 ft2] at the rear of the site, with access thereto, has been let to Southern Electric Plc from 01 June 2001 - 28 March 2071, subject to non-downward ground rent reviews on 01 April 2022 & 01 April 2047 effectively to 1/67th of the ground rent for the whole site.
An area of 1,710 m2 [18,406 ft2] of the site with access thereto will be let to Ultraflow Dreainage Ltd on a 10 year lease subject to a non-downward rent review after 5 years and at a commencing rent of £18,400 pax.
TERMS
Price £425,000 [VAT is not currently charged].
LEGAL COSTS
Each party to bear their own legal costs and the incoming tenant to pay Test Valley Borough Council's costs as freeholder [usually about £1,100].
Ref: 4179C
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