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38-40 High St 5,541 sq ft 19% Let Retail Property Andover SP10 1NF £250,000 (£45.12/sq ft)
Investment Highlights
- Freehold.
- arranged over Ground, First and Second Floors.
- Asset management potential through re-letting of property.
- The property is elected for VAT.
- Vacant.
- Centrally located in Andover's primary retailing and leisure destination.
- Mixed-use property comprising 5,439 sq ft (505.3 sqm).
- Potential for change of use, subject to requisite consents.
- Low capital value of £45.05 per sq ft.
Executive Summary
The property comprises 5,439 sq ft of mixed use accommodation arranged over ground, first and second floors. The retail unit is 4,606 sq ft over three levels and benefits from a substantial frontage onto Andover's main retailing street. From a retailer's perspective the property benefits significantly from its rear access. There is a vacant 1-bed flat on the second floor of the property benefitting from discrete access to the rear of the building.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront
Property Size
5,541 sq ft
Costar Property Class
B
Year Built
1912
Price
£250,000
Price per sq ft
£45.12
Occupancy Rate
19%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.91
Total Plot Size
0.14 ac
Frontage
29 ft on High Street
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Gat Investments
- -
- 5,029 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Gat Investments | - | 5,029 sq ft | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
To let on a new FRI lease for a period to be agreed at a commencing rent of £42,000 pax + VAT.
| Space | Size | Space Use | Position | Available |
| Ground | 2,395 sq ft | Retail | In-Line | Now |
Ground
| Size |
| 2,395 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 2,395 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
To let on a new FRI lease for a period to be agreed at a commencing rent of £42,000 pax + VAT.
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38-40 High St
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