Industrial/Logistics Depot within a 6.30 acre site

Key Points

• Approximately 102,000 sq ft of warehousing with modern two storey offices
• 11 Dock Level Loading Doors.
• 4 Floor Level loading doors
• 3 Phase power supply
• Two-storey offices
• Clear height from 4.80m to 8.00m
• 35 metre yard depth
• Circa. 192 parking spaces.

Description

The property is an industrial / logistics depot comprising approximately 102,000 sq ft of warehousing with modern, two storey offices, set within a prominent 6.30 acre site. The property offers a maximum clear height of 8 metres,11 dock level loading doors and 4 floor level loading doors.

Location

One Churchill Way West is situated prominently by the entrance to the Portway West Business Park, which is one of the premier business parks in Andover.

Andover is located in Hampshire, approximately 70 miles south west of Central London, 35 miles south west of Reading and 30 miles north west of Southampton. The town benefits from excellent transport connections being located adjacent to the A303 dual carriageway providing direct access to Junciton 8 of the M3 motorway (15 miles to the east). Heathrow International Airport is located approximately 54 miles east of Andover. Andover Railway Station (within walking distance of the property) provides direct services to London Waterloo with a fastest journey time of approximately 67 minutes.

Terms

The property is held on the residue of two ground leases, the first of which is a headlease for a term of 125 years from 28th April 1988 at a passing rent of £224,500 per annum, subject to 5-yearly rent reviews. The second lease is for a term of 115 years, 5 months and 27 days from the 1st November 1997 at a passing rent of £1,723 per annum and is also subject to 5-yearly rent reviews. Price for the long leasehold interest upon application.

Price for the Long Leasehold interest upon application

Agents Note

The full site area demised under the terms of the Headlease is approximately 8.665 acres, of which circa 2.30 acres has been sub-let on a lease for a term of 104 years from 29th July 2008 at a peppercorn ground rent.

Connections

Road
A303 - 0.50 miles
A34 - 8.0 miles
M3 (J8) - 15.0 miles
M4 (J13) - 23.0 miles

Towns / Cities
Basingstoke - 24 miles
Southampton - 30 miles
London - 71 miles
Birmingham - 121 miles

Airports
Heathrow - 54 miles
Bristol - 70 miles
Gatwick - 80 miles
London Luton - 88 miles