Detached warehouse / production unit in Andover - Long Leasehold.
The property composes a detached warehouse / production unit of steel portal frame construction with brick and profile steel cladding elevations under a dual-pitched roof.
Access to the site is via two secure entrances to the front and side with loading to the rear side. The property can be occupied as a whole or split into two smaller warehouses / production units if required.
Location
Crescent House is located in Hopkins Way on the established Portway West Business Park which is located on the western outskirts of Andover with immediate access onto the A303 dual-carriageway.
There are excellent road links to: London and the M25 (49 miles) via the M3 (17 miles); the Midlands and the South Coast Ports via the A34 (9 miles); and the West Country via the A303.
Local occupiers include: Britax-Excelsior, Co-operative Group, Howard Tenens, Petty Wood, Stannah Lifts and Twinings.
Accommodation
Factory / warehouse - 64,135 sq ft (5,958 sq m)
Office & ancillary - 6,068 sq ft (564 sq m)
Mezzanine - 1,565 sq ft (145 sq m)
Sprinkler store - 232 sq ft (22 sq m)
Covered loading bays - 3,365 sq ft (313 sq m)
TOTAL - 75,365 sq ft (7,002 sq m)
Terms
The property is held for a term of 125 years from the 5 November 1984, expiring 4 November 2109 (c. 83 years unexpired). The rent is subject to non-downward ground rent reviews from 25 March 1990 and 5 yearly thereafter, effectively 15% of the open market rental value of the premises. The passing rent is £55,000 per annum.
Specification
- Well fitted two storey offices
- 6.7m minimum eaves height
- Office heating & air conditioning
- LED lighting
- Warehouse heating and cooling
- 4 sheltered loading doors
- 3.4 acre plot
- 8 lorry parking spaces
- 155 car parking spaces