7 High Street,
Andover, SP10 1LJ
Prominent Grade II Listed Building
Retail & Residential Investment
Let to Ladbrokes Betting & Gaming Ltd until 2031
Current Rent Reserved £56,250 per annum
For Sale By Auction 5th December 2017
Andover is an important commercial centre of north Hampshire, situated on
the A303 Trunk Road. The A303 links directly to the M3 at Junction 8,
approximately 20 miles to the east, London and the M25 and interconnects
with the A34 dual carriageway running north from the M3 at Winchester,
linking Newbury and Oxford to the M40. Main line railway connection to
London Waterloo (approximately 70 minutes).
The property is situated in prime High Street, Andover, overlooking the recently
pedestrianised shopping in the centre of the town, which also links to the Chantry
Shopping Centre. The High Street is home to a number of major retailers.
The property comprises a retail shop on ground floor with staff
accommodation at first floor to the rear and a self contained two bedroom
flat on first and second floor. The building is Grade II Listed and of rendered
painted front elevation under a pitched slate roof. A later rear extension is of
painted brick elevations under a pitched roof.
To the rear of the property there is vehicular access and space to park up to
Reproduced from Ordnance Survey Map with the consent of the Controller of HM Stationery
Office. Crown Copyright Reserved.
Ground Floor Retail Sales
First Floor Staffroom/Storage
2283 sq ft
(212.09 sq m)
760 sq ft
( 70.60 sq m)
First/Second Floor Two Bedroom Flat
Freehold, subject to existing lease. For Sale by Auction on 5 December
Mains electricity, water and drainage available.
Caution: The services and fittings mentioned in these particulars have not been tested and hence, we
cannot confirm they are in working order.
Interested parties should satisfy themselves as to the suitability of their
proposed use. All enquiries should be directed to Test Valley Borough
Council, Beech Hurst, Weyhill Road, Andover, SP10 3AJ. Tel: 01264
The property is Listed and therefore does not require an EPC.
The property is let to Ladbrokes Betting & Gaming Ltd for a term of 15 years VIEWING
with effect from 29 September 2016. The lease is subject to 5 yearly upward Strictly by appointment only. Contact Dean Speer of Myddelton & Major
only rent reviews. The lessee has the right to terminate the lease at the end 01722 337577 or Allsops Auctioneers on 0207 543 6780.
of the 10th year of the term on giving 6 months prior notice. The lease is on
full repairing and insuring terms. The current passing rent is £56,250 per
Ladbrokes Betting & Gaming Ltd reported a turnover to year end December
2015 of £830.67 million, a pre-tax profit of £49.86 million and shareholders
funds of £1.949 billion. Net worth of £1.191 billion (Source: Riskadisk.com
26.10.17). They are a subsidiary of Ladbrokes Plc.
Price subject to VAT.
Rateable Value: £28,750.*
Rates payable for year ending 31/03/18: £13,397.50.
*Interested parties should satisfy themselves that the Rateable Value/Rates Payable are correct.
Regulated by the RICS.
CODE OF PRACTICE
The Code of Practice on commercial leases recommends you seek professional advice from a
qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy
agreement. The code is available from professional institutions and trade associations or through the
Myddelton & Major for themselves and for the vendors or lessors of this property whose agents they
are give notice that:- i) the particulars are set out as a general outline only for the guidance of
intended purchasers or lessees, and do not constitute part of an offer or contract. ii) all descriptions,
dimensions, reference to condition and necessary permissions for use and occupation, and other
details are given without responsibility and any intending purchasers or tenants should not rely on
them as statements or representations of fact, but must satisfy themselves by inspection or otherwise
as to the correctness of each of them. iii) no person in the employment of Myddelton & Major has
any authority to make or give any representation or warranty whatever in relation to this property.
Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Myddelton & Major. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Myddelton & Major for full details and further information.