.......................................... specialising in commercial property since 1981

29 BRIDGE STREET, ANDOVER, SP10 1BE

3946C29 RESIZED 2023

LOCATION

The premises are located in Bridge Street, Andover, close to Domino's, Iceland & The White Hart Hotel.

DESCRIPTION

Ground floor lock-up shop / office with air-conditioning, kitchenette, WC & 1 parking space.

SERVICES

Mains electricity, water and sewerage.

ACCOMMODATION

  m2 [ft2]  
Shop/Office 55.2 [594]  
Kitchenette 1.6 [17]  
WC      
TOTAL 56.8 [611]  

Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.

RATING ASSESSMENT

Rateable Value from 01/04/2023 £11,750.00
Business Rates Payable 2024/25* £5,862.25
With Small Business Rate Relief 2024/25  £0.00

* This figure could be reduced by 75% in the 2024/25 rating year if the occupier qualifies for the relief scheme for retail, hospitality and  leisure properties up to a maximum of £110,000 per business.

BID [BUSINESS IMPROVEMENT DISTRICT]

The premises are within a BID and are subject to a charge of 2% of the Rateable Value per year ie £235.

GRANT

A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.

ENERGY PERFORMANCE CERTIFICATE

To be assessed.

LEASING BUSINESS PREMISES

The Code for Leasing Business Premises, England and Wales 2020 is available to download at: www.rics.org/globalassets/code-for-leasing_ps-version_feb-2020.pdf

TERMS

To be let on a new FRI lease for a period to be agreed at a commencing rent of £18,000 pax [VAT is not currently charged].

SERVICE CHARGE

There will be a service charge to cover maintenance of common parts, management of the development and insurance of the building.

LEGAL COSTS

Each party to bear their own legal costs.

Ref: 3946C29

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