No longer on the market
This property is no longer on the market
MapCommercial development
Commercial development
28040
Features and description
- Substantial town centre retail premises
- Hampshire market town
- Prominent location adjacent to public car parking
- Located within primary shopping area
- Potential for residential led mixed use redevelopment
Description
The property is a purpose-built former Sainsburys supermarket extending to approx. 28,040 ft2 (2,605 m2) gross internal area on a site of approx. 0.48 acres (0.19 ha). The property has a dedicated service yard accessed off Borden Gates. The property occupies a prominent
position with frontages to the A3057, Bridge Street and Borden Gates.
Location
55-57 Bridge Street fronts onto Andover’s inner ring road (A3057) and is located within the primary shopping district between the High Street and the Asda/Odeon Cinema complex off Anton Mill Road. It is immediately adjacent to public car parks at Borden Gates and Anton Road (564 spaces total). Town centre retailing within Andover is concentrated around the pedestrianised High Street and the adjoining covered Chantry Shopping Centre, national occupiers of note including Boots, Sports Direct and Waterstones. The town centre is also home
to a Waitrose supermarket located adjacent to Andover Bus Station, both around 300m from the property.
Viewings
Strictly by appointment through the sole agent.
Terms
For sale with vacant possession on an unconditional basis.
The Opportunity
The property offers the potential for a comprehensive redevelopment to provide a residential led mix-used scheme with active commercial uses at ground floor and residential accommodation above.
The principle of redevelopment was tested with Test Valley Borough Council in mid-2023 by way of a high level concept design and planning pre-application process. The concept design included 63 one and two bedroomed apartments, all designed to UK national space standards, over ground and 3 upper floors (below 18m), plus two ground floor retail units (306m2), 22 parking spaces and ancillary areas including rooftop amenity.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
The property is a purpose-built former Sainsburys supermarket extending to approx. 28,040 ft2 (2,605 m2) gross internal area on a site of approx. 0.48 acres (0.19 ha). The property has a dedicated service yard accessed off Borden Gates. The property occupies a prominent
position with frontages to the A3057, Bridge Street and Borden Gates.
Location
55-57 Bridge Street fronts onto Andover’s inner ring road (A3057) and is located within the primary shopping district between the High Street and the Asda/Odeon Cinema complex off Anton Mill Road. It is immediately adjacent to public car parks at Borden Gates and Anton Road (564 spaces total). Town centre retailing within Andover is concentrated around the pedestrianised High Street and the adjoining covered Chantry Shopping Centre, national occupiers of note including Boots, Sports Direct and Waterstones. The town centre is also home
to a Waitrose supermarket located adjacent to Andover Bus Station, both around 300m from the property.
Viewings
Strictly by appointment through the sole agent.
Terms
For sale with vacant possession on an unconditional basis.
The Opportunity
The property offers the potential for a comprehensive redevelopment to provide a residential led mix-used scheme with active commercial uses at ground floor and residential accommodation above.
The principle of redevelopment was tested with Test Valley Borough Council in mid-2023 by way of a high level concept design and planning pre-application process. The concept design included 63 one and two bedroomed apartments, all designed to UK national space standards, over ground and 3 upper floors (below 18m), plus two ground floor retail units (306m2), 22 parking spaces and ancillary areas including rooftop amenity.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
Property information from this agent
About this agent
Vail Williams - Southampton
Savannah House, 3 Ocean Way,
Ocean Village, Southampton
SO14 3TJ
023 8020 0203Where great relationships yield the best property outcomes. Vail Williams is a national property adviser with ten offices based throughout the North, Midlands and South of England.