LOCATION
The premises are located in Andover’s Upper High Street close to several town centre car parks.
DESCRIPTION
The premises comprise a two-storey, former fish & chip shop with living accommodation above which is accessed through the shop, and a useful basement below. There is a possibility of constructing a rear extension subject to planning consent.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
|
| |
|
|
|
| BASEMENT |
29.5 |
[318] |
|
| |
|
|
|
| GROUND FLOOR RETAIL |
|
|
|
| Ground Floor Shop |
40.8 |
[439] |
|
| Separate WC Block |
|
|
|
| RETAIL TOTAL |
40.8 |
[439] |
|
| |
|
|
|
| FIRST FLOOR RESIDENTIAL |
|
|
|
| Room 1 |
19.3 |
[208] |
|
| Room 2 |
6.1 |
[66] |
|
| Bathroom |
5.5 |
[59] |
|
| RESIDENTIAL TOTAL |
30.9 |
[333] |
|
Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENTS
RETAIL
| Rateable Value from 01/04/2023 |
£5,200.00 |
| Business Rates Payable 2024/25* |
£2,594.80 |
| 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.
In England and Wales small businesses are generally entitled to Small Business Rate Relief if they only occupy one commercial property and the Rateable Value of their premises is less than £15,000.
RESIDENTIAL
| Council Tax |
Band A |
| Council Tax Payable 2024/25 |
£1,389.24 |
ENERGY PERFORMANCE CERTIFICATE
C61 - Valid until 07/05/2034.
BUSINESS IMPROVEMENT DISTRICT
The premises are within a BID but as the Rateable Value is below £10,000 are not subject to a charge of 2% of the Rateable Value per year.
GRANT
A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
CAR PARKING SEASON TICKETS
Test Valley Borough Council usually have season tickets available in some of the town centre parks. See www.testvalley.gov.uk or telephone 01264 368000.
TENURE
Freehold.
PRICE
£200,000 [VAT is not currently charged].
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 3411C
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