Retail property (high street)

Belvoir Commercial are delighted to be bringing to the market through Modern Method of Auction this 3 storey high street retail property that could be suitable for a number of commercial/retail uses. The property could also be suitable for a commercial to residential conversion of the upper floors and furthermore potentially extended to the rear (all subject to planning consent). Other property on the high street have successfully converted upper floors into residential.

The property is situated in a prime location on the high street of Andover, located just behind the Guildhall building. The property is situated close to Costa Coffee, Greggs Bakery & Boots Opticians.

The property is presently laid out as follows:

Ground Floor: 202 sqm / 2174.3 sq ft

First Floor: 171.4 sqm / 1844.9 sq ft

Second Floor: 32 sqm / 344.4 sq ft

Total existing: 405.4 sqm / 4363.6 sq ft

The property presently has a loading area to the rear and the property backs onto the main George Yard town centre car park.

The property is to be auctioned and sold with vacant possession.

About Andover

Andover has a population of approximately 40,500 and is scheduled to grow further over the next few years, with significant housebuilding taking place to the western borders of the town. There are good road links, with the A303/M3 linking Andover to London and the West Country. Whilst the A34/M3 connects Andover to London, the midlands and South Coast.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.