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
Two adjoining ground floor, office / retail units 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 2 & 1 car parking spaces for Suites 1 & 2 respectively.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| SUITE 1 |
|
|
| Room 1 |
46.7 |
[503] |
| Room 2 |
5.5 |
[59] |
| Room 3 |
8.5 |
[92] |
| SUITE 1 TOTAL |
60.7 |
[654] |
| |
|
|
| SUITE 2 |
|
|
| Room 4 |
21.8 |
[235] |
| Room 5 |
16.8 |
[181] |
| SUITE 2 TOTAL |
38.6 |
[416] |
| |
|
|
| SUITES 1 & 2 TOTAL |
99.3 |
[1,070] |
Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENTS
| SUITE 1 |
|
| Rateable Value from 01/04/2023 |
£12,250.00 |
| Business Rates Payable 2024/25 |
£6,112.75 |
| With Small Business Rate Relief 2024/25 |
£509.40 |
| |
|
| SUITE 2 |
|
| Rateable Value from 01/04/2023 |
£5,900.00 |
| Business Rates Payable 2024/25 |
£2,944.10 |
| 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 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.
| Suite 1 |
£245 pa |
| Suite 2 |
£0 pa |
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.
| Suite 1 |
£11,000 pax |
| Suite 2 |
£7,000 pax |
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.
2024 Estimates:
| Suite 1 |
£2,100 pax |
| Suite 2 |
£1,340 pax |
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4274C1&2
Request Property Details | 
