LOCATION
The premises are located in London Street, just off Andover High Street and close to several public car parks.
DESCRIPTION
Two adjoining small shops with lighting, small rear yards & external WCs.
ACCOMMODATION
| |
m2 |
[ft2] |
|
| 7 London Street |
|
|
|
| Retail Area |
21.9 |
[236] |
|
| WC |
|
|
|
| TOTAL |
50.1 |
[539] |
|
| |
|
|
|
| 9-11 London Street |
|
|
|
| Retail Area |
38.2 |
[412] |
|
| WC |
|
|
|
| TOTAL |
38.2 |
[412] |
|
SERVICES
7 London Street
Mains electricity, water and sewerage.
9-11 London Street
Mains electricity, gas, water and sewerage.
RATING ASSESSMENTS
The two shops are currently assessed together but we set out estimated figures.
| 7 London Street |
|
| Rateable Value from 01/04/2026 |
£5,250.00 |
| Business Rates Payable 2026/27 |
£2,005.50 |
| With Small Business Rate Relief 2026/27 |
£0.00 |
| |
|
| 9-11 London Street |
|
| Rateable Value from 01/04/2026 |
£10,000.00 |
| Business Rates Payable 2026/27 |
£3,820.00 |
| With Small Business Rate Relief 2026/27 |
£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 but as the Rateable Values are likely to be £10,000 or below should not be subject to a charge of 2% of the Rateable Value per year.
ENERGY PERFORMANCE CERTIFICATE
7 London Street D78 - Valid until 06/12/2028.
9-11 London Street D85 - Valid until 05/11/2031.
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 let on new FRI leases for periods to be agreed at the following commencing rents:
| 7 London Street |
£8,000 pax + VAT |
| 9-11 London Street |
£14,000 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: 3116C
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