Agency ● Professional Services ● Building Consultancy ● Consulting

023 8202 3999 ● www.realest.uk.com ● info@realest.uk.com

FOR SALEIndustrial Investment

• Site Area Approx 1 Acre

• 4.3 years remaining term of current

tenancy agreement

• New 150 year long leasehold

agreement in place

• Planning for light industrial and

warehouse use.

• Could suit Owner Occupiers or

Investors

• Fixed rental growth over

remaining lease term

9 North Way, Walworth Industrial Estate, Andover, SP10 5AZ

9 North Way, Walworth Industrial Estate, ANDOVER, SP10 5AZ

Location

The premises are located in North Way on

Walworth Business Park which lies on the eastern

outskirts of Andover next to the ring-road which

leads onto the A303 dual-carriageway and then

north-eastwards to the M3.

The town is home of the new administrative

headquarters of the British Army’s Land Forces

and the Co-operative Group’s 43,484 m²

[467,891 ft²] distribution depot.

Description

A refurbished detached factory/warehouse

building with high quality integral offices and

staffing facilities on a 0.40 hectare [1 acre] site

with lighting throughout, 3 loading doors, WCs,

parking to the front and yard to the side and rear.

Terms

Offers are invited for the long leasehold interest

subject to the existing tenancy agreement with a

guide price of £675,000 excl VAT.

The long leasehold has recently been extended

for a term of 150 years at a ground rent of

£28,000pa.

There is an existing tenancy agreement in place

to Precision Fabrications Andover Limited. The

passing rent is £50,000pa. The lease term expires

October 2023 with fixed rental increases as

follows.

Nov 2019: £60,000pa

Nov 2020: £70,000pa

Nov 2021: £80,000pa

Nov 2022: £88,000pa

The tenant is also responsible for the ground rent

payment in addition to the rent structure detailed

above.

EPC

The property is rated E.

Accommodation

Area Sq Ft Sq M

Offices 4,434 412.23

Warehouse 15,846 1,472.08

Total 20,280 1,884.31

Planning

We understand that the property has the benefit

of Light Industrial and Warehouse consent.

However, interested parties are advised to

contact Test Valley Borough Council Planning

Department (01264 368000) and the Business

Rates Department respectively to confirm use and

Rateable Value prior to contractual commitment.

023 8202 3999 ● www.realest.uk.com ● info@realest.uk.com

Title Plan

Location

Misrepresentation Act 1967: Real Estate Strategies Limited (Trading as Realest) for themselves and for the vendor(s) or

lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part

of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as

statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to

the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and

neither Realest nor any person in their employment has any authority to make or give, any representation or warranty whatever

in relation to this property. Finance Act 1989: Unless otherwise stated all prices and rents are quote exclusive of VAT.

Property Misdescriptions Act 1991: These details are believed to be correct at the time of compilation but may be subject to

subsequent amendment.

023 8202 3999 ● www.realest.uk.com ● info@realest.uk.com