Aldwych House 20 Winchester Street Andover Hampshire SP10 2EA

Aldwych House
20 Winchester Street
Andover
Hampshire
SP10 2EA

Freehold Office Investment

Tenants include Be Wiser Insurance Services Limited and Beck Randall & Carpenter Limited
Prominent corner position on busy A3057
Established office area
On site parking approximately 10 cars
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
26
Auction
21st May 2015
Rent
£63,500 per Annum Exclusive
Status
Sold
Price
£690,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office Investment

Tenants include Be Wiser Insurance Services Limited and Beck Randall & Carpenter Limited
Prominent corner position on busy A3057
Established office area
On site parking approximately 10 cars
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 26
Auction 21st May 2015
Rent £63,500 per Annum Exclusive
Status Sold
Price £690,000
Sector
Office
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles north of Winchester, 19 miles north-east of Salisbury, 67 miles south-west of Central London
Roads: A3057, A303
Rail: Andover Rail Station (67 minutes to London Waterloo)
Air: Southampton Airport

Situation

The property is situated in a prominent corner location on the western side of Winchester Street, also fronting the busy A3057, a short walk from the town centre. The Lamb & Flag public house lies opposite the property with a number of other office occupiers in the immediate vicinity.

Tenure

Freehold.

Location

Miles: 15 miles north of Winchester, 19 miles north-east of Salisbury, 67 miles south-west of Central London
Roads: A3057, A303
Rail: Andover Rail Station (67 minutes to London Waterloo)
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern three storey building providing office accommodation over two wings, each benefitting from its own entrance. The property also benefits from onsite parking for approximately 10 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Wing	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
West	Ground First Second	Office Office Office	171.68 sq m 151.99 sq m 151.99 sq m	(1,848 sq ft) (1,636 sq ft) (1,637 sq ft)	BE WISER INSURANCE SERVICES LIMITED (1)	15 years from 21/02/2014 until 20/02/2029 (2)	£44,000	21/02/2019 & five yearly
East	Ground First Second	Office Office Office	40.04 sq m 61.50 sq m 76.27 sq m	(431 sq ft) (662 sq ft) (821 sq ft)	BECK RANDALL & CARPENTER LIMITED (3)	10 years from 13/06/2012 until 12/06/2022	£19,500	13/06/2017
Totals			653.47 sq m	(7,037 sq ft)			£63,500

(1) For the year ending 31st May 2014, Be Wiser Insurance Services Limited reported a turnover of £25,870,707, pre-tax profits of £2,178,623 and a total net worth of £1,652,388. (Source: www.riskdisk.com 17/04/2015) Bewiser have over 600 members of staff, based at Aldwych House and other offices in the nearby area in Andover (Source: http://www.bewiser.co.uk 17/04/2015)
(2) The lease to Be Wiser Insurance Services Limited provides a tenant only option to determine on 20/02/2019 and 20/02/2024
(3) The lease to Beck Randall & Carpenter Limited provides a tenant only option to determine on 13/06/2017
(4) Originally established in 1969 as the Andover office of a regional firm, Beck Randall & Carpenter Limited became an independent firm of Chartered Accountants in 1996 offering a comprehensive range of accounts, tax and business advisory services to private individuals and companies in many sectors throughout Hampshire, Wiltshire and beyond. (Source: http://www.brcaccountants.co.uk 17/04/2015)