LOCATION
The premises are located in London Street, Andover some two or three minutes’ walk from the town’s shopping centre and next to one of the main town centre car parks.
DESCRIPTION
Russell House is a sensitively restored, town centre, Grade II listed, period office building with attractive Victorian features, modern amenities, gas-fired central heating, lighting, 3 core perimeter trunking, fire & Intruder alarms, kitchenette, WCs and 3 parking spaces.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| BASEMENT |
|
|
| WCs |
|
|
| |
|
|
| GROUND FLOOR |
|
|
| Reception |
11.3 |
[122] |
| Office 1 |
17.7 |
[191] |
| Boiler Room/Store |
1.1 |
[12] |
| |
|
|
| FIRST FLOOR |
|
|
| Office 2 |
17.6 |
[189] |
| Filing Room/Link Room |
1.5 |
[16] |
| Office 3 |
9.5 |
[102] |
| Kitchenette |
3.6 |
[39 |
| TOTAL |
62.3 |
[671]
|
Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£8,300.00 |
| Business Rates Payable 2024/25 |
£4,141.70 |
| With Small Business Rate Relief 2024/25 |
£0.00 |
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.
BID [BUSINESS IMPROVEMENT DISTRICT]
The premises are not within the Andover Town Centre BID area.
ENERGY PERFORMANCE CERTIFICATE
E108 - Valid until 27/05/2034.
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
TENURE
The premises are held on the residue of a 999 year ground lease from 27 July 2018.
TERMS
EITHER FOR SALE
Price £147,500 for the ground lease described above.
OR TO LET
On a new FRI lease for a period to be agreed at a commencing rent of £12,000 pax.
VAT is not currently charged.
SERVICE CHARGE
There will be a service charge to cover the maintenance of common parts, management of the development and insurance of the building.
2024 Estimate £800.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 3734C
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