LOCATION
The premises are located in The Broadway, just off Western Avenue, part of Andover's Inner Ring Road and close to Wilko.
DESCRIPTION
Ground floor retail/office premises with scope to split into two units or covert to residential subject to consents.
The premises are provided with suspended ceilings, lighting, air-conditioning, laminate floors, tea point and WC.
There is also a small ground rent income from a first floor flat.
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Front Shop |
52.6 |
[566] |
| Office |
14.9 |
[160] |
| Tea-Point |
4.9 |
[53] |
| WC |
|
|
| Rear Shop |
37.1 |
[399] |
| |
|
|
| TOTAL |
109.5 |
[1,178] |
ENERGY PERFORMANCE CERTIFICATE
To be assessed.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£10,500 |
GRANT
A £1,000 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
TENURE
The main part of the building is freehold.
The tea-point area, WC and office to the side are held on the residue of a 1,000 year lease from 08 October 1938 at a ground rent of one peppercorn pax if demanded.
The first floor flat has been sold on a 99 year lease from 01 April 2006 at a current ground rent of £25 pax.
TERMS
Either For Sale
Price £165,000
Or To Let
On a new FRI lease for a period to be agreed at a commencing rent of £15,000 pax.
VAT is not currently charged.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 1717C
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