Units 1 - 4 Newton Park, Hopkinson Way, Portway West Business Park, Andover, SP10 3SH
Size
13,954
Tenure
Freehold
EPC
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Parking
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- Primary use
- Warehouse
- Other use(s)
- Other, Light industrial
No floor / site plan
Key features
- Rare opportunity to acquire a multi-let industrial investment on one of Andover’s premier Business Parks
- 13,954 sq ft across four units on a site extending to 0.872 Acres
- Gross rent £109,290 per annum / Net rent £95,790 per annum (subject to increase after Unit 4 Lease Renewed)
- Offers in excess of £950,000 subject to contract and exclusive of VAT for the Long Leasehold interest
Description
The property occupies a prominent position on the corner of Hopkinson Way and Smeaton Road 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. Nearby occupiers include Howard Tenens, LWC Drinks Limited, Stannah and Enterprise Rent-a-car.
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).
The property is held on a lease dated 5th April 1984 for a term of 125-years from the 14th November 1983, subject to upward only 5-yearly rent reviews to 16% of the estimated full rack rental value of the land and buildings on a lease in the open market for a term certain equivalent to the residue unexpired on the said term at the commencement of the relevant review period. The passing rent is £13,500 per annum. Please see the attached Tenancy Schedule.
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.
The buyer will pay Test Valley Borough Council’s legal and estates fees in connection with granting consent for the assignment of the Headlease (estimated to be £1,300 no VAT). Thereafter, each party is to bear their own legal costs.
- Clear height
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- Yard depth
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- Business rates
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- Use class
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- Listed building
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- Floors in building
- 1
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Brochure
Units 1 - 4 Newton Park, Hopkinson Way, Portway West Business Park, Andover, SP10 3SH
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Disclaimer - Property reference 192116-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Curchod & Co LLP, Basingstoke. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.