.......................................... specialising in commercial property since 1981

17-21 LONDON STREET, ANDOVER, SP10 2NU

LOCATION

The premises are located in London Street which is part of Andover's main office and professional sector, alongside a number of Accountants, Estate Agents and Solicitors yet only two minutes' walk from the town's covered Chantry Shopping Centre and close to several town centre car parks.

DESCRIPTION

Vacant three-storey office/retail building with planning permission to convert upper floors into 3 one-bedroomed flats.

SERVICES

Mains electricity, water and sewerage.

ACCOMMODATION

  m2 [ft2]
GROUND FLOOR SHOP/OFFICE    
Retail/Office 72.0 [775]
Cupboard 0.7 [8]
Kitchenette 3.7 [40]
Corridor & WC    
GROUND FLOOR TOTAL 76.4 [823]
     
POTENTIAL RESIDENTIAL PORTION    
GROUND FLOOR    
Rear Hall for Staircase 19.5 [210]
FIRST FLOOR    
4 Rooms & Kitchen 78.7 [847]
Landing, Lobby & WC    
SECOND FLOOR    
2 Rooms 47.3 [509]
Landing    
RESIDENTIAL PORTION TOTAL 145.5 [1,566]

ENERGY PERFORMANCE CERTIFICATE

C74 - valid until 18/08/2026.

RATING ASSESSMENTS

GROUND FLOOR

 
Rateable Value from 01/04/2017 £21,750.00
Business Rates Payable 2022/23* £5,426.63
   
UPPER FLOORS  
Rateable Value from 01/04/2017 £6,900.00
Business Rates Payable 2022/23* £1,721.55
With Small Business Rate Relief 2022/23 £0.00

* These figures includes the 50% reduction for the 2022/23 rating year set out in the relief scheme for retail, hospitality and  leisure properties up to a maximum of £110,000 per business.

PLANNING

Planning permission granted on 22 July 2014 [14/00633/FULLN] for conversion of 2 upper floors to 3 one-bedroomed flats, division of ground floor into 2 Class A2 financial and professional services units, provision of door at rear and alterations to existing front elevation. The ground floor has remained as a single unit and minimal works have been undertaken to implement the planning consent in respect of the upper floors. A Section 106 Agreement has provisions for payments towards various local facilities in the sum of £12,647 as at June 2014 but index linked to RPI.

Planning permission granted on 07 December 2017 [17/02239/FULLN] for installation of timber framed double glazed window to rear elevation This would be at first floor level but has not been implemented.

GRANT

A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.

TERMS

EITHER

WHOLE BUILDING FOR SALE FREEHOLD

Price £365,000 + VAT.

OR

GROUND FLOOR TO LET

On a new FRI lease for a period to be agreed at a commencing rent of £20,000 pax + VAT.

LEGAL COSTS

Each party to bear their own legal costs.

Ref: 4422C

 

Request Property Details

Powered by Intergage