Sold
83-84 Livingstone Road, Andover, SP10 5QZ
- Floor Area: 165,133 sq ft
Price: Price on application
- Business Rates Payable: Upon enquiry
Key Points
- The property consists of 165,133 sq ft of industrial/ warehouse space
- Long leasehold investment opportunity let to Le Creuset UK Limited and Stannah Stairlifts Limited.
Property Summary
High yielding investment opportunity
Description
The property consists of 165,133 sq ft of industrial/ warehouse space with a central office core, large service yard and parking at either end
of the building.
Long leasehold investment opportunity let to Le Creuset UK Limited and Stannah Stairlifts Limited.
Site area of 8.72 acres offering future redevelopment potential
The property has been elected for VAT however it is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).
The long leasehold from Test Valley Borough Council expires on 31st May 2092 at a passing rent of £90,000 per annum.
The property produces a gross passing rent of £1,044,797.87 per annum.
Location
The property lies on the southern boundary of Walworth Business Park to the east of Andover Town Centre. The Business Park is the primary estate in Andover and is home to a number of major occupiers including Ocado, Twinings and Abel & Cole.
The unit has direct access to the A3093 from Livingstone Road which in turn links into the A303 connecting Andover with the wider road network. Andover is a prosperous market town on the edge of Salisbury Plain in the north west of the County of Hampshire. The town is
currently the home of Army Headquarters and has a population of approximately 50,000 according to the 2021 census.
Andover is well located c. 18.7 miles west of Basingstoke and 25.7 miles north west of Southampton. There is a mainline train station providing a direct link to London Waterloo in approximately 1 STRATEGIC hour and 10 minutes.
