Property Information
Address:
Bridge Street, Andover, Hampshire
, SP10 1BH
, Hampshire
, United Kingdom
Price: Property no longer available.
Size:
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH503897
Property Ref/Agent: Bridge Street
*Please use the agent ref when calling the agent directly.
Property description
Belvoir Commercial bring to the market the Freehold of this mixed-use grade 2 listed property presently split into 2 commercial units, offices above and a 3 bed flat on the top floor (presently achieving £9600pa). Planning permission has been applied for, for the conversion of the upper floors (and an extension to the rear) into a total of 6 residential flats.
The property is presently achieving an annual rental income of £47,100 (6.78% yield), but if the conversion took place, this would increase to circa £84,000 once the flats were completed and rented.
This would be a fantastic opportunity for a developer to acquire a property with much of the planning work under way already.
For more information or to book an internal viewing, please contact the commercial team to arrange.
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