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

38-40 HIGH STREET, ANDOVER, SP10 1NF

3749C RESIZED

LOCATION

The premises are located in a prime position in Andover High Street close to Boots Opticians, BT/EE, Clintons, Costa, Greggs, H Samuel, HSBC, Savers & Wimpey.

The premises are well served by several nearby public car parks and Andover High Street hosts weekly markets on Thursdays and Saturdays together with monthly farmers' markets on Sundays.

DESCRIPTION

Prime, three-storey, retail premises & flat with rear loading access and goods lift to all floors..

SERVICES

Mains electricity, water and sewerage.

ACCOMMODATION

  m2 [ft2]
Ground Floor Retail 222.5 [2,395]
First Floor Ancillary 136.3 [1,467]
Second Floor Ancillary 56.1 [604]
Second Floor Flat 52.3 [563]
     
TOTAL 467.2 [5,029]

ENERGY PERFORMANCE CERTIFICATE

D89 - Valid until 15/09/20232.

RATING ASSESSMENT

Rateable Value from 01/04/2017 £50,500.00
Business Rates Payable 2022/23* £25,199.50
   
Rateable Value from 01/04/2023 £35,500.00
Business Rates Payable 2023/24* £17,714.50

* This figure 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.

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 more.

GRANT

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

TERMS

To let on a new FRI lease for a period to be agreed at a commencing rent of £55,000 pax + VAT.

LEGAL COSTS

Each party to bear their own legal costs.

Ref: 3749C

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