Property description
*** SOLD STC *** Belvoir Commercial bring to the market this substantial COMMERCIAL & RESIDENTIAL character town centre property that would ideally suit an investor &/or business owner.
This Grade 2 listed character property has both an 883 sq ft retail/office space on the ground floor that includes a cellar for storage, as well as a self contained 2 bedroom first floor flat with it’s own private entrance. The property also benefits from rarely available parking to the side for a number of vehicles.
The property would suit an investor as with a combined rental potential of £21200pa giving it a property a yield of 7.5%It would also suit a business looking for a town centre location that can offer A1 (retail) & A2 (legal & professional services) uses as well as a buy to let flat as an additional income.
The highlights of the property are as follows:
Town centre location at the top of the High Street (near St Mary’s Church)
Commercial unit: 883 sq ft + cellar storage
Residential (buy to let or to live in) 2 bedroom flat
Driveway parking for a number of vehicles
Gas Central heating
Office laid out to form 5 separate work spaces
Kitchen
Flat presently Let on an Assured Shorthold Tenancy @ £850pcm
Commercial space rent potential £11,000pa
*** Please note: all photos are of the ground floor commercial offices ***
Viewing recommended, please contact the office to arrange.
AndoverPicturesque market town located in the affluent Test Valley area of Hampshire
£2.9m has been invested to extend and refurbish the bus station
Further improvements underway to the town and community as part of the Andover Vision 20 year plan
Strategic location adjacent to A303 and within easy reach of the M3 & M4
Various car parks close by including a multi storey
Andover has a number of core brands on the High Street that include Top Shop, Ernest Jones, Costa Coffee, Poundland, Boots, Argos etc etc.
Strong annual footfall or circa 7 million
Catchment – there is an affluent shopper catchment of approx 150,000 people drawing from the surrounding wealthy villages including Stockbridge and The Wallops
Growing population – there is substantial housing expansion underway with an additional 8250 dwellings to be built by 2029 with 6516 of those earmarked for Andover.
There are recent communications and existing commitments at Picket Twenty & Augusta Park.
Low unemployment – the town benefits from very low unemployment compared to the national average.
Loyal customers – people living in the core catchment area visit the town centre more than 70 times a year (RCT 2010)
PlanningInterested parties should satisfy themselves as to the suitability of their proposed use. All enquiries in this regard should be directed to Test Valley Borough Council, Beech Hurst, Weyhill Road, Andover, Hampshire SP10 3AJ. Tel. 01264 368000
Property Features :
- Town centre location at the top of the High Street (near St Mary´s Church)
- Commercial unit: 883 sq ft + cellar storage
- Residential (buy to let or to live in) 2 bedroom flat
- Driveway parking for a number of vehicles
- Gas Central heating