Manufacturing Units for sale in Whitchurch, Hampshire, Whitchurch

Commercial Property in Whitchurch Hampshire available for sale

Manufacturing Units for Sale Within 10 miles of the Whitchurch, Hampshire, Whitchurch

More details for 12 Hopkinson Way, Andover - Industrial for Sale

West Portway Industrial Estate - 12 Hopkinson Way

Andover, SP10 3ZE

Industrial for Sale
£450,000
6,010 sq ft

Andover Industrial for Sale

The property is held on a long lease for 150 years with effect from 1 January 2015, subject to 5 yearly rent reviews from January 2020. The current ground rent passing is £17,500 per annum. The asking price is £450,000.

Contact:

Myddelton & Major

Property Subtype:

Manufacturing

Date on Market:

01/07/2025

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17 Priestley Rd

Basingstoke, RG24 9JP

Industrial for Sale
£5,000,000
79,231 sq ft

Air Conditioning
Security System
Reception

Basingstoke Industrial for Sale

The Long Leasehold interest is for sale at a guide price of £5 million plus VAT, benefitting from full vacant possession, provided upon completion. The long leasehold interest was re-geared for a new term of 150 years on 1st September 2016, which expires on 31st August 2166 (approximately 140 years unexpired). The current ground rent payable reflects £68,340 per annum exclusive, and is subject to 5 yearly upward only rent reviews, calculated to the higher of 20% of the open market rental value (excluding Unit 2) or 55% of the bare site rental value (assuming certain disregards). The next rent review is due on 1st September 2026. The permitted user clause within the ground lease allows for B1/B2 and B8 of the former Use Classes Order 1987, which allows for light industrial, offices, R&D, heavy/general industrial and storage and distribution.