Industrial/warehouse

Key Points

• Site area approximately 0.543 acres
• Well fitted two storey offices
• 5.2m minimum eaves
• Allocated parking
• 2 up and over loading doors
• WC facilities
• Secure yard

Description

The property comprises a self contained factory/warehouse with clear span warehouse, 5.2m minimum eaves height, well fitted two storey offices, two up and over loading doors each measuring 4.50m wide by 4.48m high, mezzanine storage, WC facilities and a dedicated secure yard.

Available area

The accommodation comprises the following areas:

Location

The factory premises are located in Mitchell Close approached off Macadam Way on the Portway West Business Park, which is one of Andover’s premier commercial areas and within half a mile of the nearby Hundred Acre Junction of the A303.

Andover is an important commercial centre of north Hampshire, situated on the A303 Trunk Road. The A303 links directly to the M3 at Junction 8, approximately 20 miles to the east, London and the M25 and interconnects with the A34 dual carriageway running north from the M3 at Winchester, linking Newbury and Oxford to the M40. Main line railway connection to London Waterloo (approximately 70 minutes).

Terms

The property is available on the residue of a ground lease for a term of 125 years from 1st January 1985, subject to 5 yearly upward rent reviews to 14.5% of the full rack rented value for the demised premises. The current ground rental payable is £10,600 per annum exclusive.

Alternatively, the property is available on a new Full Repairing and Insuring occupational lease, drawn out of the Security of Tenure Provisions of the Landlord & Tenant Act 1954.

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/VAT

The incoming purchaser/lessee will be responsible for TVBC's Estates and legal costs as Freeholder. Thereafter each party is to bear their own legal costs.