Approximate Site Area 1.05 Acres/0.425 Hectares with a Site Coverage of approximately 15%
Car parking for approximately 50 cars with ratio of 1:200
Strategic location at the junction of the A303 and A343
Major occupiers on the estate include Euronics, Mitutoyo, and Premier Inn
Lot 40
Auction 23rd September 2020
Vacant Possession
Status Sold Prior
Price
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles north of Winchester, 19 miles north-east of Salisbury, 67 miles south-west of Central London
Roads
A303, A343, M3
Rail
Andover Rail Station
(67 minutes to London Waterloo)
Air
Southampton Airport. London Gatwick
Situation
The property is located on an established industrial estate strategically situated at the junction the A303 and A343, approximately 1.5 miles west of Andover Town Centre. Major occupiers on the estate include Euronics, Mitutoyo and Premier Inn.
Tenure
Long Leasehold. 128 year leasehold interest held from the local authority from 14th June 1986 until 2116 at a current ground rent reserved of 10,000 per annum exclusive.
The lease is subject to a ground rent of 8% of the open market rents receivable.
Location
Miles
15 miles north of Winchester, 19 miles north-east of Salisbury, 67 miles south-west of Central London
Roads
A303, A343, M3
Rail
Andover Rail Station
(67 minutes to London Waterloo)
Air
Southampton Airport. London Gatwick
Situation
The property is located on an established industrial estate strategically situated at the junction the A303 and A343, approximately 1.5 miles west of Andover Town Centre. Major occupiers on the estate include Euronics, Mitutoyo and Premier Inn.
Tenure
Long Leasehold. 128 year leasehold interest held from the local authority from 14th June 1986 until 2116 at a current ground rent reserved of 10,000 per annum exclusive.
The lease is subject to a ground rent of 8% of the open market rents receivable.
Description
The property comprises a modern two storey office building with car parking for approximately 50 cars. The property benefits form an approximate site area of 1.05 Acres/0.425 Hectares and an approximate site coverage of 15%. The offices are highly specified with air conditioning, raised floors and suspended ceilings.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal Pack.
Description
The property comprises a modern two storey office building with car parking for approximately 50 cars. The property benefits form an approximate site area of 1.05 Acres/0.425 Hectares and an approximate site coverage of 15%. The offices are highly specified with air conditioning, raised floors and suspended ceilings.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal Pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Ground First
Office Office
442.86 sq m 92.38 sq m
(4,767 sq ft) (5,300 sq ft)
VACANT POSSESSION (1)
Total
935.25 sq m
(10,067 sq ft)
(1) The ground floor is currently let to Furlong Business Solutions Limited until 2nd December 2020 at a current rent reserved of 44,000 per annum exclusive. The tenant has served notice to determine and the property will be subject to vacant possession upon completion.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
