Lease for assignment/sublet

Key Points

• 7.40m eaves height
• Two loading doors
• Allocated parking
• Clearspan warehouse
• Secure site

Description

The property comprises a semi-detached industrial/warehouse unit of steel portal frame construction with 7.40 metre eaves height and 8.98 metre ridge height. The warehouse offers clear span accommodation, three phase power supply, works offices, WC facilities and two loading doors, measuring 3.90m wide by 5.50m high. To the front of the building there is a loading area and 16 allocated parking spaces.

Location

The property lies on the southern boundary of Walworth Business Park to the east of Andover town centre. The Business Park is the primary estate in Andover and is home to a number of major occupiers including Ocado, Twinings and Abel & Cole. The property has direct access to the A3093 from Livingstone Road which in turn links into the A303 connecting Andover with the wider road network.

Andover is a prosperous market town on the edge of Salisbury Plain in the northwest of the County of Hampshire. The town is currently the home of Army Headquarters and has a population of approximately 50,000 according to the 2021 census. Andover is well located c. 18.7 miles west of Basingstoke and 25.7 miles northwest of Southampton. There is a mainline railway station providing a direct link to London Waterloo in approximately 1 hour and 10 minutes.

Terms

The property is available via the assignment of the existing lease dated 28th September 2024 for a term of 2-years, expiring 27th September 2026 at a passing rent of £127,880 per annum plus VAT or via a sub-lease for the same period, less 3 days. Any Sublease will be granted at not less than Market Rent and will be drawn out of the Security of Tenure Provisions of the Landlord & Tenant Act 1954. Alternatively, the Landlord may consider granting a new lease on terms to be agreed.

Service Charge

There is a service charge payable in relation to the maintenance and upkeep of the communal rights of way and landscaping. More information relating to the charges is available via the agent.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Legal Costs

The assignee/undertenant is to pay TVBCs Legal and Estates Charges in connection with granting consent for the assignment or sub lease, estimated to be £1,300. Thereafter, each party is to bear their own legal costs.