Commercial development for sale
Property description & features
- Tenure: Freehold
- 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
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.
Viewings
Strictly by appointment through the sole agent.
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.
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
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 205079-1. 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 Vail Williams - Southampton.
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
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.