LOCATION
The premises are located in Bridge Street, Andover, close to Domino's, Iceland & The White Hart Hotel.
DESCRIPTION
Ground floor lock-up shop / office with air-conditioning, kitchenette, WC & 1 parking space.
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
|
| Shop/Office |
55.2 |
[594] |
|
| Kitchenette |
1.6 |
[17] |
|
| WC |
|
|
|
| TOTAL |
56.8 |
[611] |
|
Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£11,750.00 |
| Business Rates Payable 2024/25* |
£5,862.25 |
| 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 that property is less than £15,000.
* This figure could be reduced by 75% in the 2024/25 rating year if the occupier qualifies for the relief scheme for retail, hospitality and leisure properties up to a maximum of £110,000 per business.
BID [BUSINESS IMPROVEMENT DISTRICT]
The premises are within a BID and are subject to a charge of 2% of the Rateable Value per year ie £235 pa.
GRANT
A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
ENERGY PERFORMANCE CERTIFICATE
To be assessed.
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 a new FRI lease for a period to be agreed at a commencing rent of £18,000 pax [VAT is not currently charged].
SERVICE CHARGE
There will be a service charge to cover maintenance of common parts, management of the development and insurance of the building.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 3946C29
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