LOCATION
The premises are located in Regents Court, off South Way, 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
A modern factory/warehouse unit in pleasant landscaped courtyard with two-storey offices, internal eaves height 5.5 m [18'0"], loading door 4.0 m (h) x 4.0 m [13'1" x 13'1"], separate personnel door, heating, lighting, kitchenette & WCs together with parking for 7 cars & 1 lorry.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Factory/Warehouse |
102.7 |
[1,105] |
| Office & Ancillary |
106.4 |
[1,145] |
| TOTAL |
209.1 |
[2,250] |
ENERGY PERFORMANCE CERTIFICATE
To be assessed.
RATING ASSESSMENT
The premises are currently assessed for rating purposes with adjoining units but we estimate:
| Rateable Value from 01/04/2017 |
£13,500.00 |
| Business Rates Payable 2022/23 |
£6,736.50 |
| With Small Business Rate Relief 2022/23 |
£3,368.25 |
| |
|
| Rateable Value from 01/04/2023 |
£16,750.00 |
| Business Rates Payable 2023/24 |
£8,358.25 |
TERMS
To be let on a new FRI lease for a period to be agreed at a commencing rent of £20,250 pax + VAT.
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 per transaction - no VAT].
Ref: 3631C4
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