Warehouse for sale in 4, East Portway, Andover, Test Valley, UK SP10

£3,250,000 (£34.21/sq. ft)
Warehouse for sale 94,994 sq. ft*
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Property features

  • The property is situated on the well-established East Portway Industrial Estate
  • 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
  • Total Rent Passing £379,200 Total Price Quoted £3,250,000 Rent Passing £3.99 sq ft (£42.95 m2) Price £34.21 sq ft (£368.24 m2)

Property description

Well specified distribution/industrial investment, which extendsto a total of 94,994 sq ft (8,824 sq m) with an eaves height ofapproximately 5.85m, on a self-contained site.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Avison Young, BS8 on +44 117 295 7547 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Avison Young, and do not constitute property particulars. Please contact Avison Young for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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