Property Information
Address:
25 High Street, Andover, Hampshire
, SP10 1LJ
, Hampshire
, United Kingdom
Price: Rent: £24,000 Per Annum
Size: 833 sq ft77 sqm
Primary Category: Shop
All Categories:
Office, Shop,
Property Ref/Movehut: MH571707
Property Ref/Agent: P2268
*Please use the agent ref when calling the agent directly.
Property description
Belvoir are delighted to bring to the market this approx. 833 sq ft retail property in a prime 'sweet spot' location of the High Street, just next to the Guildhall (see photo) so optimal for maximum footfall.
The property is presently set out as a diner but could easily be changed to suit a wide variety of businesses (subject to planning consent).
The property also enjoys 2 allocated parking spaces, alarm system, air conditioning, fire alarm system and rear delivery access to car park. Flexible lease terms and a brand new lease will be created tailored to the individual applicant.
Proposed reduced rent schedule as follows:
Months 1-3 @ £100pcm
Months 4-6 @ £200pcm
Months 7-12 @ £500pcm
Months 13-24 @ £1000pcm
Months 25 on @ £2000pcm
For the smaller business, the property benefits from NOT being subject to VAT
Rateable Value from 1st April 2023: £15,500
Frontage: 19.8ft
Energy Performance: E
Use Class: A1 & A3
Ground Floor consists of: Retail Space: 833 sq ft, presently set out with separate kitchen and storage rooms as well as a toilet.
Andover
Picturesque market town located in the affluent Test Valley area of Hampshire
£2.9m has been invested to extend and refurbish the bus station
Further improvements underway to the town and community as part of the Andover Vision 20 year plan
Strategic location adjacent to A303 and within easy reach of the M3 & M4
Various car parks close by including a multi storey
Andover has a number of core brands on the High Street that include Ernest Jones, Costa Coffee, Poundland, Boots, Argos, TK Maxx etc.
Strong annual footfall of circa 7 million
Catchment ; there is an affluent shopper catchment of approx 150,000 people drawing from the surrounding wealthy villages including Stockbridge and The Wallops
Growing population ; there is substantial housing expansion underway with an additional 8250 dwellings to be built by 2029 with 6516 of those earmarked for Andover. There are recent communications and existing commitments at Picket Twenty & Augusta Park.
Low unemployment; the town benefits from very low unemployment compared to the national average.
Loyal customers ; people living in the core catchment area visit the town centre more than 70 times a year (rct 2010)
PLEASE NOTE: The dimensions above have been sourced from a government site and are not guaranteed. Belvoir recommends that you do your own due diligence on the property prior to entering into any legal agreement.
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