LOCATION
The premises are located in Waverley Buildings in Waterloo Court, just off Andover High Street and close to The Chantry Centre.
DESCRIPTION
Town centre, double-fronted, lock-up shop with ceiling, recessed lighting, carpets, security shutter, rear loading and WC.
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Retail Area |
54.8 |
[590] |
| WC |
|
|
| TOTAL |
54.8 |
[590] |
ENERGY PERFORMANCE CERTIFICATE
Rating - C57.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£12,250.00 |
| Business Rates Payable 2019/20 |
£4,009.84 |
| With Small Business Relief 2019/20 |
£334.16 |
These figures include the one-third reduction recently introduced by the government for the period 01/04/2019 - 31/03/2021.
BUSINESS IMPROVEMENT DISTRICT
The premises are within a BID and are subject to a charge of 2% of the Rateable Value per year ie £245.
GRANT
A £1,000 grant may be available from Test Valley Borough Council - search TVBC Independent Reatailer Grant.
TENURE
Residue of 125 year ground lease from 01 January 2008 at a ground rent of £200 pax + VAT rising every 25 years to £300 pax + VAT, £400 pax + VAT, £500 pax + VAT and £600 pax + VAT respectively.
TERMS
EITHER FOR SALE
Price £165,000 + VAT for the long-leasehold interest described above.
OR TO LET
On a new FRI lease for a period to be agreed at a commencing rent of £14,000 pax + VAT. Take a 5 year lease and have 2 years at 50% off the rent.
LEGAL COSTS
Each party to bear their own legal costs.
Ref:1866C10
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