Summary - CHERITON HOUSE, NORTH WAY SP10 5BE
1 bed 1 bath Warehouse
Major warehouse on a huge site with redevelopment potential — leasehold, cash buyers preferred.
- 131,785 sq ft headquarters-style warehouse
- 15 metre eaves — high-bay storage and racking potential
- Approximately 7.117 acre site with very low density (circa 35%)
- Circa 200 car parking spaces, lorry circulation and loading areas
- Prominent position with strong A303/M3 and rail links to London
- Leasehold: 99-year ground lease to 2091, c.66 years unexpired
- Ground rent £192,439 pa; rent reviews to bare site value (next 2039)
- Mid‑1960s construction; likely refurbishment and compliance works needed
A substantial headquarters-style warehouse occupying 131,785 sq ft on a regular 7.117-acre plot in a prominent position within Walworth Business Park. The high-bay steel-framed warehouse (circa 1960s with 1980s extensions) features 15m eaves, extensive lorry circulation, loading areas and approximately 200 car parking spaces — assets that suit distribution, light industrial use or a consolidated operations hub.
The site density is very low (circa 35%), giving clear scope for further development subject to planning (STP). The location on Andover’s eastern edge offers excellent road connectivity via the A303 and quick access to the northern ring road, M3 corridor and rail services to London Waterloo, supporting logistics and regional distribution strategies.
Important legal and financial factors affect value and purchaser suitability: the property is held on a ground lease dated 1992 (99-year term to 2091) with approximately 66 years remaining and a current ground rent of £192,439 pa, subject to periodic reviews to bare site value (next review 21 April 2039). Many mortgage lenders are likely to refuse lending on a lease with limited unexpired term, which may restrict financing options and favour cash buyers or institutional investors.
The buildings are of mid-20th-century construction and will require inspection and likely refurbishment to meet modern occupational standards and efficiency targets. For the right buyer — occupier or investor prepared to manage leasehold obligations and undertake upgrades — the site offers scale, parking, and redevelopment potential in a well-connected South‑Central location.
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