The premises are located in London Street, Andover which is part of Andover's main office and professional sector alongside a number of Accountants, Estate Agents and Solicitors.
Town centre café/restaurant with small rear yard & WC.
Mains electricity, gas, water and sewerage.
|Rateable Value from 01/04/2017
|Business Rates Payable 2021/22*
|With Small Business Relief 2019/20
These figures include the 64% reduction for the period 01/07/2021 - 31/03/2022.
ENERGY PERFORMANCE CERTIFICATE
Rating - D85.
A £1,000 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
BUSINESS IMPROVEMNER DISTRICT
The premises are withing a BID and are subject to a charge of 2% of the Rateable Value per year ie £235.
Planning permission was granted on 29 October 2003 [TVN 01583/1] for change of use to a sandwich bar and coffee shop.
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
7 London Street is let to Gadget Trader Group Ltd on a 6 year FRI lease subject to a schedule of condition from 20 October 2021with a non-downward rent review after 3 years, a mutual option to break at the three year point or anytime thereafter with 6 months’ prior written notice and security of tenure excluded.
EITHER 7-11 LONDON STREET FOR SALE FREEHOLD
Price £250,000 + VAT which includes an income of £7,000 pax + VAT from 7 London Street.
OR 9-11 LONDON STREET TO LET
On a new FRI lease for a period to be agreed at a commencing rent of £14,000 pax + VAT.
Each party to bear their own legal costs.
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