LOCATION
The premises are located in London Street which is part of Andover's main office and professional sector, alongside a number of Accountants, Estate Agents and Solicitors yet only two minutes' walk from the town's covered Chantry Shopping Centre and close to several town centre car parks.
DESCRIPTION
Vacant three-storey office/retail building with planning permission to convert upper floors into 3 one-bedroomed flats.
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| GROUND FLOOR SHOP/OFFICE |
|
|
| Retail/Office |
72.0 |
[775] |
| Cupboard |
0.7 |
[8] |
| Kitchenette |
3.7 |
[40] |
| Corridor & WC |
|
|
| GROUND FLOOR TOTAL |
76.4 |
[823] |
| |
|
|
| POTENTIAL RESIDENTIAL PORTION |
|
|
| GROUND FLOOR |
|
|
| Rear Hall for Staircase |
19.5 |
[210] |
| FIRST FLOOR |
|
|
| 4 Rooms & Kitchen |
78.7 |
[847] |
| Landing, Lobby & WC |
|
|
| SECOND FLOOR |
|
|
| 2 Rooms |
47.3 |
[509] |
| Landing |
|
|
| RESIDENTIAL PORTION TOTAL |
145.5 |
[1,566] |
ENERGY PERFORMANCE CERTIFICATE
Ground Floor C74.
RATING ASSESSMENTS
| GROUND FLOOR |
|
| Rateable Value from 01/04/2017 |
£21,750.00 |
| |
|
| UPPER FLOORS |
|
| Rateable Value from 01/04/2017 |
£6,900.00 |
PLANNING
Planning permission granted on 22 July 2014 [14/00633//FULLN] for conversion of 2 upper floors to 3 one-bedroomed flats, division of ground floor into 2 Class A2 financial and professional services units, provision of door at rear and alterations to existing front elevation. The ground floor has remained as a single unit and minimal works have been undertaken to implement the planning consent in respect of the upper floors. A Section 106 Agreement has provisions for payments towards various local facilities in the sum of £12,647 as at June 2014 but index linked to RPI.
Planning permission granted on 07 December 2017 [17/02239/FULLN] for installation of timber framed double glazed window to rear elevation This would be at first floor level but has not been implemented.
TERMS
EITHER
WHOLE BUILDING FOR SALE FREEHOLD
Price £365,000 + VAT.
OR
GROUND FLOOR TO LET
On a new FRI lease for a period to be agreed at a commencing rent of £20,000 pax + VAT.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4422C
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