The property is a 131,785 sf (12,243 sm) headquarters style industrial, warehouse and distribution facility occupying a 7.117 acre (2.88 hectare) regular shaped site including approximately 200 car parking spaces, lorry circulation and loading areas.
The buildings were originally constructed in the 1960’s with the offices and warehousing subsequently extended in the 1980s.
The site benefits from a very low site density of circa 35%, giving scope for further development (STP).
The property is situated in a very prominent position within Walworth Business Park, which lies on the eastern edge of the town providing excellent links to the northern ring road and the A303 London to Exeter trunk road.
Andover is located in Hampshire, approximately 70 miles south west of Central London, 35 miles south west of Reading and 30 miles north west of Southampton. The town benefits from excellent transport connections being located adjacent to the A303 dual carriageway providing direct access to Junction 8 of the M3 motorway (c 14 miles to the east). Heathrow International Airport is located approximately 57 miles from east of Andover. Andover Railway Station (within walking distance of the property) provides direct services to London Waterloo with a fastest journey time of approximately 67 minutes.
The property is held leasehold on a ground lease for a term of 99 years from 21st April 1992 expiring 20th April 2091 at a current rent of £192,439 per
annum. The rent payable for the land is subject to review every 20 years from 21st April 1999 to bare site value, with the next reviewdue on the 21st April 2039.
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.
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