Commercial Property
A Freehold, two-storey, grade II listed, town centre retail premises with small rear yard, heating, lighting and WCs.
The property occupies a prominent position at the corner of High Street and Newbury Street in Andover town centre, close to an entrance to the Chantry Centre, the town’s covered shopping mall. The surrounding area features a mix of independent retailers and well-known national brands including Clarks, Savers, Specsavers, with convenient parking available nearby.
The premises comprise an attractive, Grade II listed, three-storey retail/ Class E unit, benefiting from a small rear yard. Internally, it provides retiling space over the ground and first floor with ancillary kitchen and toilet facilities.
SERVICES
Mains electricity, gas, water and sewerage.
RATING ASSESSMENT
Rateable Value from 01/04/2017 £7,700.00
Business Rates Payable 2020/21 £2,520.47
With Small Business Relief 2020/21 £0.00
These figures include the one-third reduction recently introduced by the government for the period 01/04/2019 - 31/03/2021.
GRANT
A £1,000 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Male and female WCs.
27.0 m² (291 Ft2)
10.7 m² (115 Ft2)
29.0 M2 (313 Ft2)
66.7 m2 (719 Ft2)
Freehold. Vacant possession upon completion.
Yes
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
