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Property description & features
- Tenure: Freehold
* Commercial to Residential Investment Opportunity with Planning *
Prime, two-storey grade 2 listed premises with ground floor retail and first floor offices, presently both let to separate businesses. Planning permission is in place to convert the upper floor into a self-contained 1 bedroom flat with the benefit of beautifully exposed original wood beams and separate access already in place.
Combined Rental Income: £26,700 per annum
Approx Residential value of flat once converted: £150,000 - £160,000
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
Ground Floor Retail 600 sq ft (total)
First Floor Retail 559 sq ft (total)
TOTAL: 1159 sq ft (total)
ENERGY PERFORMANCE CERTIFICATE
Ground: C55
First: E101
Both valid until 26 06 2028
RATING ASSESSMENT
Rateable Value from 01/04/2023
Ground: £10,500
First: £7,200
Planning
All information relating to the planning of the first floor planning approval for residential conversion can be found on the Test Valley Planning Portal using the following: 19/01099/FULLN
BID [BUSINESS IMPROVEMENT DISTRICT]
The premises are within a BID and are subject to a charge of 2% of the Rateable Value per year if the Rateable Value of the individual address is £10,000 or more.
TERMS
FOR SALE FREEHOLD
ABOUT ANDOVER
The Andover area is predicted to have a population in the region of 50,000 people (by 2020) and is scheduled to grow further over the next few years.
The town has become the home of the new administrative headquarters of the British Armys Land Forces and the Co-operative Groups new 43,484 m2 [467,891 ft2] distribution depot.
Many well known Companies are located in the Andover area including Agricultural Mortgage Corporation, Britax-Excelsior, Simplyhealth, Lloyds Banking Group, Londis, Office Depot, Petty Wood, Stannah Lifts and Twinings to name but a few.
There are good road links to: London, the M25 and Heathrow & Gatwick Airports by the A303 dual-carriageway and M3; the West Country again by the A303; the major South Coast Ports of Southampton and Portsmouth by the A34/M3; and, the Midlands and the North by the A34/M40.
Andover also has a mainline railway station on the London, Waterloo - Exeter line. London Waterloo in less than 1 hour
Places of interest
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*DISCLAIMER
Property reference P2091. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Belvoir - Andover.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 25, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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