This industrial is now off the market

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4 East Portway, Andover Test Valley, SP10 3LU – Andover

This industrial is now off the market

Avison Young
Contact name
Paul Hobbs
Full address
4 East Portway, Andover, Hampshire SP10 3LX – Andover
Property type
Industrial unit for sale
Asking price
£3,250,000
Features
BREEAM, Business park, Car park, Lift, Modern, Reception, Storage, Train transport, Transport
Size
94,994 sq ft
Tenure
Long leasehold
NIY (%)
9.4

Property description

Well specified distribution/industrial investment, which extends to a total of 94,994 sq ft (8,824 sq m) with an eaves height of approximately 5.85m, on a self-contained site.
• The property is situated on the well-established East Portway Industrial Estate
• Let on FRI terms to AET Transport Andover Ltd (with a guarantor of AET Transport Services Ltd)
• Let on a 15 year lease from January 2016, with 7.3 years remaining to break option
• Low passing rent of £379,200 pa (£4.00 psf) with fixed upward reversion of £426,600 p.a. (£4.50 psf)
• The property is held long leasehold
• Low passing rent with prime industrial rents in Andover now at £7.50 psf
• The tenant is wedded to this facility as it is of key importance to their occupational requirements
• GVA Andover 303 v5 (4)_49414.pdf

This industrial unit for sale is located in Andover.

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