LOCATION
The premises are located in Union Street, just off Andover High Street, and next to two town centre car parks.
DESCRIPTION
Ground floor retail / office premises with heating, lighting & WC.
ACCOMMODATION
| |
m2 |
[ft2] |
|
| Ground Floor |
50.1 |
[539] |
|
| WC |
|
|
|
| |
|
|
|
| TOTAL |
50.1 |
[539] |
|
SERVICES
Mains electricity, water and sewerage.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£11,500.00 |
| Business Rates Payable 2024/25* |
£5,738.50 |
| With Small Business Rate Relief 2024/25 |
£0.00 |
* This figure could be reduced by 40% in the 2025/26 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.
| Rateable Value from 01/04/2026 |
£11,750.00 |
| Business Rates Payable 2025/26 |
£4,488.50 |
| 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 that property 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 ie £235.
ENERGY PERFORMANCE CERTIFICATE
E109 - Valid until 14/07/2030.
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
CAR PARKING SEASON TICKETS
Test Valley Borough Council usually have season tickets available in some of the town centre parks. See www.testvalley.gov.uk or telephone 01264 368000.
GRANT
A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
TERMS
To be let on a new FRI lease for a period to be agreed at a commencing rent of £12,000 pax + VAT.
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: 4189C2B
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