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4 Bridge St 1,366 SF 63% Leased Office Building Andover SP10 1BH $438,774 ($321.21/SF)
INVESTMENT HIGHLIGHTS
- Located in a busy position in Bridge Street
- Just off Andover High Street
- Close to several town centre car parks
EXECUTIVE SUMMARY
GROUND & FIRST FLOORS
Let to Grilled Cheese Cafe Ltd [Company Number 11636499] on a 10 year effectively FRI lease from 17/12/2019 - 16/12/2029 subject to a non-downward rent review on 17/12/2024 [not activated], at a current rent of £22,000 pax [VAT is not currently charged] and with security of tenure excluded at the end of the term.
SECOND FLOOR
Offices to let at £675 per month [VAT is not currently charged] plus business rates and electricity for the office suite together with a share of the electricity, gas & water to the common parts.
PROPERTY FACTS Sale Pending
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
To be let for a period to be agreed at a monthly fee, payable by standing order, which will include: rent; buildings insurance; cleaning of the common parts; and maintenance of boiler, fire alarm & fire extinguishers. The tenant will be responsible for their own business rates [which should be zero with Small Business Rate Relief], refuse collection, electricity to the suite which is sub-metered, together with 37% of the electricity, gas and water to the common parts. There will be a deposit of one month’s fee and the monthly fee will be subject to an annual RPI increase from 01 January each year.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 506 SF | Office | Partial Build-Out | Now |
2nd Floor
| Size |
| 506 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size | 506 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
To be let for a period to be agreed at a monthly fee, payable by standing order, which will include: rent; buildings insurance; cleaning of the common parts; and maintenance of boiler, fire alarm & fire extinguishers. The tenant will be responsible for their own business rates [which should be zero with Small Business Rate Relief], refuse collection, electricity to the suite which is sub-metered, together with 37% of the electricity, gas and water to the common parts. There will be a deposit of one month’s fee and the monthly fee will be subject to an annual RPI increase from 01 January each year.
Presented by
4 Bridge St
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