Property for sale The Cloisters, Junction Road, Andover SP10
Points of interest
- Andover Church of England Primary School0.3 miles
- Wolverdene Special School (SEN)0.4 miles
- Andover0.5 miles
- Grateley6.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Income producing mixed use building let to Mecca Bingo ltd
- Passing rental of £55,000 per annum
- Redevelopment potential subject to consents
- Sketch scheme drafted comprising 23 apartments
- The design is inline with the recent residential development next door
Auction Sale - 01/09/2021
A detached mixed use building arranged over three floors and including two retail units.
Extending to approximately 7,543 sq ft, let to Mecca Bingo Ltd at a passing rent of £55,000 per annum.
Redevelopment potential subject to consents - a sketch scheme has been prepared comprising 23 apartments.
Investment / Development Opportunity
A detached brick built mixed use building arranged over three floors including a bingo hall, ancillary offices and storage plus two retail units.
Andover is an attractive market town situated approximately 17 miles north of Winchester and 70 miles south west of London.
Situated within a prominent and central position just to the west of the main shopping area.
The surrounding area is predominantly residential.
The town centre provides many shops bars and restaurants together with The Chantry Shopping Centre.
The River Anton runs through Andover and provides recreation amenities, there are also several parks in the town.
The A303 runs to the south of Andover and provides a link to the west country.
Andover Station has a frequent and direct commuter service to London Waterloo
Andover Station - National Rail
Let to Mecca Bingo Ltd on a 30 year lease commencing 01/08/1993
Bingo Hall – 700 sq m (7,543 sq.ft).
Former Hair Salon – 47.5 sq m (512 sq.ft).
Hair & Beauty Shop – 41.8 sq m (450 sq.ft).
A sketch plan has been prepared by wla Architects - the same firm who designed the adjoining Bellway Homes development. This shows how the site could be redeveloped to provide 23 apartments - subject to the requisite consents.
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