LOCATION
The premises are located in a prominent position on Weyhill Road, a busy arterial road, next to Tesco Express and close to Andover Ford, Vets4Pets, Papa John's Pizza and Halfords about 1.5 miles west of Andover Town Centre and close to both Portway East & West Business Parks.
DESCRIPTION
Residential development and retail investment opportunity on 0.11 hectare [0.27 acres] site currently with 2 shops, 1 flat and 1 maisonette, which are all income producing, and planning permission to extend 1 shop and develop 5 additional flats.
SERVICES
Mains electricity, gas, water and sewerage.
RETAIL ACCOMMODATION
| |
m2 |
[ft2] |
| 136 Weyhill Road |
90.2 |
[971] |
| 138 Weyhill Road |
39.1 |
[421] |
RESIDENTIAL ACCOMMODATION
136A Weyhill Road - Two bedroomed flat.
138A Weyhill Road - Two bedroomed maisonette.
ENERGY PERFORMANCE CERTIFICATE
Rating - To be assessed.
RATING ASSESSMENTS
136 Weyhill Road - Rateable Value - £10,000.
138 Weyhill Road - Rateable Value - £4,700.
136A Weyhill Road - Council Tax - Band B.
138A Weyhill Road - Council Tax - Band B.
UNDERLETTINGS
136 Weyhill Road is let to Anthony A Barker Ltd on a 15 year FRI lease from 16 September 2005, subject to 5 yearly non-downward rent reviews, and at a current rent of £14,500 pax + VAT.
138 Weyhill Road is let to Sparkunco Ltd on a temporary lease at £625 per month + VAT.
136A Weyhill Road is let on a Periodic Tenancy at £615 per month.
138A Weyhill Road is let on an Assured Shorthold Tenancy at £595 per month.
TERMS
Price £500,000.
VAT will be charged on the retail parts but not on the residential parts.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4264C & 4268C
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