Guide price
£254,950
Property for saleHigh Street, Andover SP10
Freehold
About this property
*** Residential Investment Opportunity with 2 Bed Planning ***
Prime, two-storey grade 2 listed premises with ground floor retail and first floor offices, presently both let to separate businesses. Planning permission in place to convert the upper floor into a self-contained 2 bedroom flat with the benefit of beautifully exposed original wood beams and separate access already in place.
Combined Rental Income: £27,336 per annum
Approx Residential value of flat once converted to two bed: £180,000 to £190,000
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: C
Rating assessment
Rateable Value from 01/04/2023
Ground: £10,500
First: £7,200
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 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
EPC rating: C.
Prime, two-storey grade 2 listed premises with ground floor retail and first floor offices, presently both let to separate businesses. Planning permission in place to convert the upper floor into a self-contained 2 bedroom flat with the benefit of beautifully exposed original wood beams and separate access already in place.
Combined Rental Income: £27,336 per annum
Approx Residential value of flat once converted to two bed: £180,000 to £190,000
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: C
Rating assessment
Rateable Value from 01/04/2023
Ground: £10,500
First: £7,200
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 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
EPC rating: C.
Mortgage calculator
Monthly repayment
£1,275 per month
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