LOCATION
The premises are located in a prime position in Andover High Street close to Boots Opticians, BT/EE, Clintons, Costa, Greggs, Savers and 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 with ground & first floor sales together with rear access.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Ground Floor Retail |
172.6 |
[1,858] |
| First Floor Retail |
149.2 |
[1,606] |
| First Floor WC |
61.2 |
[658] |
| Second Floor Offices/Storage |
42.9 |
[462] |
| |
|
|
| TOTAL |
376.4 |
[4,052] |
ENERGY PERFORMANCE CERTIFICATE
C66 - Valid until 14 May 2030.
RATING ASSESSMENT
| Rateable Value from 01/04/2017 |
£44,000.00 |
| Business Rates Payable 2022/23* |
£21,956.00 |
| |
|
| Rateable Value from 01/04/2023 |
£31,000.00 |
| Business Rates Payable 2023/24* |
£15,469.00 |
* These figures could be reduced by 50% in the 2022/23 rating year and 75% in the 2023/24 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 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
EITHER FOR SALE FREEHOLD
Price £700,000 + VAT
OR TO LET
To let on a new FRI lease for a period to be agreed at a commencing rent of £51,000 pax + VAT.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4496C
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