LOCATION
The premises are located in London Street, Andover some two or three minutes’ walk from the town’s shopping centre. There is a large public car park and 10 x 30 minute free car parking spaces both to the rear.
DESCRIPTION
Ground floor, office / retail unit in a Grade II Listed Building which was originally built for Heaths Bank. The premises are provided with lighting, 3 core perimeter trunking, gas-fired central heating, carpets, shared kitchenettes & WCs together with 1 car parking space.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| SUITE 2 |
|
|
| Room 4 |
21.8 |
[235] |
| Room 5 |
16.8 |
[181] |
| SUITE 2 TOTAL |
38.6 |
[416] |
Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| SUITE 2 |
|
| Rateable Value from 01/04/2023 |
£5,900.00 |
| Business Rates Payable 2025/26 |
£2,944.10 |
| With Small Business Rate Relief 2025/26 |
£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 within a BID and are subject to a charge of 2% of the Rateable Value per year if the Rateable Value is £10,000 or above.
GRANT
A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
ENERGY PERFORMANCE CERTIFICATE
C68 - Valid until 08/05/2031.
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 new internal repairing & insuring leases for periods to be agree at the following commencing rents which are payable monthly by standing order.
VAT is not currently charged.
The tenant will also be responsible for their own business rates.
SERVICE CHARGE
There will be a service charge to cover buildings insurance, sub-metered electricity to each suite, heating and water together with common parts electricity, & maintenance.
2025 Estimates:
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4274C2
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