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

50 HIGH STREET, ANDOVER, SP10 1NF

4536C. RESIZED

LOCATION

The premises are located in a prime position in Andover High Street close to Boots Opticians, BT/EE, Clintons, Costa, Edinburgh Woollen Mill, 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 rear access and development potential (subject to planning).

SERVICES

Mains electricity, water and sewerage.

ACCOMMODATION

  m2 [ft2]
Ground Floor Retail 188.4 [2,028]
Ground Floor Storage 13.6 [146]
First Floor Storage 171.4 [1,845]
Second Floor Staff Room 32.0 [344]
Second Floor WCs    
     
TOTAL 405.4 [4,363]

ENERGY PERFORMANCE CERTIFICATE

D92 -valid until 03/12/2025.

RATING ASSESSMENT

Rateable Value from 01/04/2017 £41,500.00
Business Rates Payable 2022/23* £10,354.25

* 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.

GRANT

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

BUSINESS IMPROVEMENT DISTRICT

The premises are withing a BID and are subject to a charge of 2% of the Rateable Value per year ie £830 pa.

TERMS

EITHER FOR SALE FREEHOLD

Price £700,000 + VAT

OR TO LET

On a new FRI lease for a period to be agreed at a commencing rent of £50,000 pax + VAT.

LEGAL COSTS

Each party to bear their own legal costs.

Ref: 4536C

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