Retail Property for Sale in the Test Valley, Andover

Retail in Test Valley available for sale

Explore the Latest Test Valley Retail Properties for Sale

Including shops for sale, high street units, retail warehouses, petrol stations, showrooms, and leisure-focused retail spaces.

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More details for 21-21A Market Pl, Romsey - Office for Sale

Market Chambers - 21-21A Market Pl

Romsey, SO51 8NA

Office for Sale
£820,000
3,614 sq ft

Romsey Office for Sale

The freehold is offered for sale with a guide price of £820,000 subject to contract. The property is not elected for VAT. The two ground floor shops are let as set out in the tenancy schedule producing a current rental income of £47,500 pa. The property is being sold with vacant possession of the upper floors of 2,098 sqft. The property comprises a 4 storey Grade II Listed building providing two ground floor lock-up shops together with self-contained offices on three upper floors. The offices are accessed via a separate entrance from Market Place and have previously been used as both offices and also beautician treatment rooms. Some of the offices have laminate floors (installed over existing carpets). The offices have electric heating with WC’s and shower on the first floor. There is the potential for the vacant upper floors to be converted in residential accommodation subject to planning permission being granted.

Contact:

Pullen Associates Ltd

Date on Market:

11/11/2025

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11-11B Bridge St

Andover, SP10 1BE

Retail for Sale
£350,000
2,153 sq ft

Energy Performance: E

Andover Retail for Sale

The freehold interest of the premises is available for sale at £350,000. The ground floor shop is let to Denancial Ltd who are holding over on a 10 year FRI lease from 18/01/2013 subject to a non-downward rent review on 17/01/2017 and at a current rent of £20,000 pax.

Contact:

Stratfords Commercial (Andover) Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

19/09/2025

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More details for Romsey Rd, Stockbridge - Retail for Sale

The Crown Inn - Romsey Rd

Stockbridge, SO20 6PW

Retail for Sale
£400,000
3,795 sq ft

Security System

Stockbridge Retail for Sale - Test Valley

The property is located in the village of King Somborne, Hampshire, 12.2 kilometres (7.6 miles) west of Winchester, 21.5 kilometres (13.4 miles) east of Salisbury, and 14.7 kilometres (9.1 miles) south of Andover. The Crown Inn is situated in the village of Kings Somborne fronting Romsey Road which provides access to neighbouring villages. The property is located in a semi-rural residential area with local facilities including Kings Somborne Parish Church, Kings Somborne Village Hall and Kings Somborne CofE Primary School. Freehold public house investment for sale, currently let on a lease expiring in 2028 The property was built in 1753 and comprises a Grade II Listed, two storey semi-detached building, with single storey extension to the left elevation. The Crown Inn has painted and rendered mock Tudor elevations beneath a thatched roof. Externally there is a beer garden to the side with seating for approximately 30 customers. There are some additional picnic benches provided to the front of the property also. The car park to the left of the pub, provides parking for approximately 13 vehicles. Freehold public house investment Let to T Minter & J Evans LLP Current rent £45,627 per annum Lease without break, expiring in October 2028 giving an unexpired term of approximately 3 years RPI index linked increases Business unaffected by sale Site area of approximately 0.225 acres (0.091 ha) We are seeking offers in the order of £400,000 (10.95% NIY) Internally the public house is cosy in its layout with a number of interconnecting trade rooms. The right hand side of the pub features the bar servery and public bar area. To more formal dining areas are located to the left. WC’s are also provided adjacent to this area. The kitchen and cellar are positioned at the rear of the ground floor. The first floor comprises of an office/lounge, 3 bedrooms and a bathroom. Internally the public house is cosy in its layout with a number of interconnecting trade rooms. The right hand side of the pub features the bar servery and public bar area. Two more formal dining areas are located to the left. WC’s are also provided adjacent to this area. The kitchen and cellar are positioned at the rear of the ground floor. The first floor comprises of an office/lounge, 3 bedrooms and a bathroom. The property is held freehold. The entire property is let on a 10 year full repairing and insuring lease to T Minter & J Evans LLP (Company Number OC320959) expiring 18th October 2028 at a current rent of £45,627 per annum, subject annual RPI indexation and upwards only 5 yearly open market reviews. The lease is free of trading ties.

Contact:

Savills

Property Subtype:

Bar

Date on Market:

09/09/2025

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14 High St

Andover, SP10 1NX

Retail for Sale
£450,000
2,676 sq ft

Andover Retail for Sale

Offers invited in the region of £450,000 for the freehold interest. VAT is not currently charged. Three storey retail & office premises with planning permission for conversion of the upper floors into three one-bedroomed flats. There may be the possibility of building a fourth flat at second floor level, subject to the necessary consents. Planning Permission was granted on 23/10/2024 for External alterations to include additional windows and side fire exit. 24/01912/FULLN. Notice that Prior Approval is required and that Prior Approval is granted was issued on 19/03/3025 for change of use of upper floors to 3 dwelling houses. 24/02497/PDMAN.

Contact:

Stratfords Commercial (Andover) Ltd

Property Subtype:

Shopfront Retail / Office

Date on Market:

04/06/2025

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10 Bridge St

Andover, SP10 1BH

Retail for Sale
£425,000
904 sq ft

Andover Retail for Sale

The freehold is offered for sale at a guide price of £425,000 subject to contract. The property is let to two tenants at a total current rental income of £34,300 pa. The shop is let on an effective FRI lease to 7 August 2029 at £25,000 pa. The lease includes a mutual break clause on 1st July 2027. The lease is granted inside the Landlord & Tenant Act 1954. The flat is let on a 2 year AST until 30th January 2027 at £775 pcm subject to a RPI rent review on 1st January 2026.

Contact:

Pullen Associates Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

04/06/2025

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1C Union St

Andover, SP10 1PA

Retail for Sale
£140,000
435 sq ft

Energy Performance: C

Andover Retail for Sale

Offers invited in the region of £140,000 which will show a purchaser a net initial yield of about 8.07% after deducting purchaser's costs at 1.75%. Julie Wakeham & Theresa Holloway have occupied the premises since 1998 and terms for a new 6 year FRI lease from 25 March 2025 have been agreed subject to a non-downward rent review after 3 years, tenants’ option to break at the 3 year point with 6 months’ notice, security of tenure excluded at the end of the term and at a commencing rent of £11,500 pax.

Contact:

Stratfords Commercial (Andover) Ltd

Date on Market:

03/03/2025

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133-145 Botley Rd

North Baddesley, SO52 9EB

Retail for Sale
£1,295,000
5,301 sq ft

Security System

North Baddesley Retail for Sale

The property is located in a densely populated residential area 2.9 miles east of Romsey Town Centre and 6.3 miles north of Southampton City Centre. The property occupies a prominent position on Botley Road, the main A27 linking Southampton to Romsey. The site is located next to Baddesley Industrial Park. Prominent commercial site investment The property comprises a prominent commercial site consisting of a front car wash unit with ground floor reception / waiting area and first floor offices, plus an attached self-contained industrial unit occupied for the purpose of vehicle workshop and MOT testing station. The site benefits from a two points of access from Botley Road, one of which is via an easement with the adjacent industrial estate. The vehicle repair and MOT testing station is let to SJP Independent Garage Specialist Limited for a term of 10 years from 01 November 2022 at a passing rent of £35,000 per annum exclusive, subject to open market upward only rent review and tenant only break option on the 5th anniversary. The car wash demise is currently let by way of a Tenancy at Will. The occupier is prepared, subject to contract, to enter into a new 10 year lease at a rent of £60,000 per annum exclusive. Alternatively, that section of the site can be purchased with vacant possession. Site plans available on request. Site size 0.51 acres Prominent highly visible roadside site Scope for alternative uses (STP) Freehold Title Option 1: Fully income generating investment (£95,000p.a.) Option 2: Part income producing vehicle workshop (£35,000 p.a.) and vacant possession of car wash

Contact:

Hellier Langston Ltd

Property Subtype:

Vehicle Repair Garage

Date on Market:

04/10/2024

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24 High St

Andover, SP10 1NL

Retail for Sale
£300,000
1,279 sq ft

Andover Retail for Sale

EITHER GROUND FLOOR TO LET On a new FRI lease for a period to be agreed at a commencing rent of £25,000 pax. OR WHOLE BUILDING FOR SALE Price £300,000. GROUND FLOOR Vacant UPPER FLOORS Converted to provide 7 residential units and let to LAR Property Ltd on a 150 year, effectively FRI, lease from 09 June 2015 at a peppercorn rent if demanded.

Contact:

Stratfords Commercial (Andover) Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

16/11/2022

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FAQs about Retail property for sale in Test Valley

See All Retail Spaces For Sale

How many Retail Property listings are available for sale in Test Valley?

There are currently 8 Retail Properties available for sale near Test Valley. These Test Valley Retail Property listings have an average size of 2,520 sq ft. The largest available listing in Test Valley is 5,301 sq ft. The thriving commercial centre and excellent transport links in Test Valley make it an ideal location for businesses to find suitable Retail Property for sale.

How much does it cost to buy Retail Property in Test Valley?

The average price/SF for Retail Property for sale in Test Valley is about £181. The cost per sq ft for Retail Property in Test Valley ranges from £79 to £352, depending on the location and the size of the property.

What factors could affect the prices of Retail Properties in Test Valley?

Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £79 to £352 per square foot. While the average net initial yield for Retail Properties is 8.07%.

What is the largest Retail Property available for sale in Test Valley?

Currently, the largest Retail Property available to buy is 5,301 sq ft and the smallest is 435 sq ft. The average size of Retail Property available for sale in Test Valley is approximately 2,520 sq ft.

What are the benefits of investing in retail property?

Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.

What risks should I consider when buying retail property?

Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.

How does lease length affect retail property investment?

Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.

What types of tenants occupy retail property?

Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.

Do I need planning permission to change a retail property's use?

Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the Test Valley, Andover

With 8 retail units currently available for sale in Test Valley, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Test Valley, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in Test Valley, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Test Valley can form a valuable part of a diversified investment portfolio.

Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
Tenant covenant: Assess trading history, sector resilience, and lease security
Lease structure: Favour long-term FRI leases with upward-only rent reviews
Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
Rental yield & growth: Evaluate rent levels and local demand for retail space
Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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