LOCATION
The premises are located in London Street, Andover some two or three minutes’ walk from the town’s shopping centre and next to one of the main town centre car parks.
DESCRIPTION
Ground floor, office / retail unit in a Grade II Listed Building which was originally built for Heaths Bank. The premises comprise a large open-plan area together with 2 private rooms and have lighting, 3 core perimeter trunking, gas-fired central heating, carpets, shared kitchenettes & WCs together with 2 car parking spaces.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Room 1 |
46.7 |
[503] |
| Room 2 |
5.5 |
[59] |
| Room 3 |
8.5 |
[92] |
| TOTAL |
60.7 |
[654]
|
Approximate net internal measurements in accordance with the RICS Code of Measuring Practice 6th Edition.
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£12,250.00 |
| Business Rates Payable 2024/25 |
£6,112.75 |
| With Small Business Rate Relief 2024/25 |
£509.40 |
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 their premises is less than £15,000.
BID [BUSINESS IMPROVEMENT DISTRICT]
The premises are within a BID and are subject to a charge of 2% of the Rateable Value per year ie £245 pa.
GRANT
A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
ENERGY PERFORMANCE CERTIFICATE
C68 - Valid until 08/05/2031.
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
TERMS
To be let on a new internal repairing & insuring lease for a period to be agree at a commencing rent of £14,400 pax [VAT is not currently charged] payable monthly in advance by standing order.
The tenant will also be responsible for their own business rates and their own sub-metered electricity.
SERVICE CHARGE
There will be a service charge to cover buildings insurance, heating and water together with common parts electricity, cleaning & maintenance.
2024 Estimate £1,600.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4274C1
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