Portway West Business Park, Andover, SP10 3TS
|Property Type||Offices / Warehouse & Industrial|
|Tenure||To Let / For Sale|
|Size||8,788 sq ft|
|Price||£810,000 + VAT for the ground leasehold interest.|
|Rent||£80,000 per annum + VAT|
|Business Rates||£32,256 per annum|
|Energy Performance Rating||Upon enquiry|
Detached, high-office content, factory/warehouse building on a prominent corner site of 0.208 hectares [0.515 acres] with an internal eaves height of 4.7 m [15’5”], loading door 4.7 m (h) x 3.2 m [15’5” x 10’6”], heating, lighting, air-conditioning to offices, kitchen, WCs and large yard with scope to extend [subject to planning].
The accommodation comprises of the following
|Name||sq ft||sq m||Availability|
|Ancillary - Offices & Ancillary, Grd + 1st floor||5,274||489.97||Available|
|Ground - Factory/Warehouse||2,847||264.49||Available|
The premises are located at the corner of Macadam Way & Royce Close on Portway West Business Park which lies on the western outskirts of Andover next to the A303 dual-carriageway.
Andover currently has a population in the region of 52,000 people and is scheduled to grow further over the next few years.
The town is the home of the administrative headquarters of the British Army’s Land Forces and the Co-operative Group’s 43,484 sq m [467,891 sq ft] distribution depot.
Many well known Companies are located in the Andover area including Euronics, Simplyhealth, Le Creuset, Lloyds Banking Group, Ocado, Petty Wood, Stannah Lifts and Twinings to name but a few.
Andover has good road links to: London, the M25 and Heathrow & Gatwick Airports by the A303 dual-carriageway and M3; the West Country again by the A303; the major South Coast Ports of Southampton and Portsmouth together with Southampton Airport by the A303/A34/M3; and, the Midlands and the North by the A303/A34/M40.
Andover also has a mainline railway station on the London, Waterloo - Exeter line with a journey time to London of about 70 minutes.
The premises are held on the residue of a 125 year ground lease from 04 December 1987, subject to 5 yearly non-downward ground rent reviews effectively to 15% of the open market rental value of the premises assuming a minimum net lettable area of 9,270 ft2 incorporating a 15% office and ancillary content, and at a current ground rent of £8,760 pax.
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.