Property photos
£425,000
(£470.13/sq. ft)
Retail premises for sale
Bridge Street, Andover SP10904 sq. ft
Local area information
Property location
Nearby amenities
- Andover Church of England Primary School 0.2 miles
- Wolverdene Special School (SEN) 0.2 miles
- Andover 0.6 miles
- Whitchurch (Hampshire) 6.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Andover to find out more about the local area.
Features and description
- Town Centre retail and residentail investment
- Let to 2 tenants producing £34,300 pa
- Located in Bridge Street adjacent to the White Hart Hotel
- Neighbouring occupiers include Nat West, Iceland, Dominos, Gi Group and Howdens
- Close to The High Street
- Commercial tenant has 20 shops and has occupied this property since 2018
Location
The property is situated in Andover town centre. The town has a population of approx. 50,000 and is scheduled to grow further over the next few years. Andover has good access from the A303 West County trunk road with the A34 north/south trunk road being approx. 6 miles to the east.
The property is located in Bridge Street next to the historic White Hart Hotel. Nearby occupiers in Bridge Street include Iceland, Nat West, Dominos, Gi Group, Howdens, estate agents and The Post Office. The property is close to the southern end of The High Street where occupiers include Pizza Express, Peacocks, Hayes Travel and is a short distance to the Chantry Shopping Centre.
There are various public parks close by which serve the town centre.
Description
The property comprises a ground floor retail unit which includes a first floor store room at the rear of the building. There is rear servicing access to the shop from Waterloo Court. The first floor comprises a one-bedroom flat with electric heating. Access to the flat is at the rear of the property.
Accommodation Summary
The property is arranged on a net internal area basis, as follows with information taken from the valuation office website:-
Ground Floor
Shop - sales area 84.02 sq m 904 sq ft
Kitchenette 9.51 sq m 102 sq ft
First Floor (part)
Store room 5.96 sq m 64 sq ft
First flor flat
Living room/kitchen
Bedroom
Ensuite Bathroom
Leases
The property is let to two tenants at a total current rental income of £34,300 pa.
The shop is let on an effective Fri lease to 7 August 2029 at £25,000 pa. The lease includes a mutual break clause on 1st July 2027. The lease is granted inside the Landlord & Tenant Act 1954. The tenant has occupied this property since 2018 and has extended their lease a number of times. They have 20 shops in Southern England
The flat is let on a 2 year AST until 30th January 2027 at £775 pcm subject to a rpi rent review on 1st January 2026.
Business Rates & Council Tax
The voa have assessed the business premises on the 2023 Rating List with a Rateable Value of £16,000. The residential accommodation is within council tax Band A.
Energy Performance Certificate
The ground floor shop has an energy performance asset rating (EPC) of 57 (band C). The flat has an EPC rating of 55 (Band D). Copies of the certificates are available for inspection
For Sale
The freehold is offered for sale at a guide price of £425,000 subject to contract.
The property is situated in Andover town centre. The town has a population of approx. 50,000 and is scheduled to grow further over the next few years. Andover has good access from the A303 West County trunk road with the A34 north/south trunk road being approx. 6 miles to the east.
The property is located in Bridge Street next to the historic White Hart Hotel. Nearby occupiers in Bridge Street include Iceland, Nat West, Dominos, Gi Group, Howdens, estate agents and The Post Office. The property is close to the southern end of The High Street where occupiers include Pizza Express, Peacocks, Hayes Travel and is a short distance to the Chantry Shopping Centre.
There are various public parks close by which serve the town centre.
Description
The property comprises a ground floor retail unit which includes a first floor store room at the rear of the building. There is rear servicing access to the shop from Waterloo Court. The first floor comprises a one-bedroom flat with electric heating. Access to the flat is at the rear of the property.
Accommodation Summary
The property is arranged on a net internal area basis, as follows with information taken from the valuation office website:-
Ground Floor
Shop - sales area 84.02 sq m 904 sq ft
Kitchenette 9.51 sq m 102 sq ft
First Floor (part)
Store room 5.96 sq m 64 sq ft
First flor flat
Living room/kitchen
Bedroom
Ensuite Bathroom
Leases
The property is let to two tenants at a total current rental income of £34,300 pa.
The shop is let on an effective Fri lease to 7 August 2029 at £25,000 pa. The lease includes a mutual break clause on 1st July 2027. The lease is granted inside the Landlord & Tenant Act 1954. The tenant has occupied this property since 2018 and has extended their lease a number of times. They have 20 shops in Southern England
The flat is let on a 2 year AST until 30th January 2027 at £775 pcm subject to a rpi rent review on 1st January 2026.
Business Rates & Council Tax
The voa have assessed the business premises on the 2023 Rating List with a Rateable Value of £16,000. The residential accommodation is within council tax Band A.
Energy Performance Certificate
The ground floor shop has an energy performance asset rating (EPC) of 57 (band C). The flat has an EPC rating of 55 (Band D). Copies of the certificates are available for inspection
For Sale
The freehold is offered for sale at a guide price of £425,000 subject to contract.
More information
Listed by
Pullen Associates
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