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Land for sale
London Street, Andover, Hampshire, SP10
£900,000
London Street, Andover, Hampshire, SP10
£900,000
Price History
Initial price | £1,000,000 |
25/09/24 | £900,000 |
Price Change | -10.00% |
Description
The property, located on London Street in Andover, is a mixed-use commercial development with a total internal area of 5,478 Sq. Ft. The property is fully let and income-producing, with tenants including a café, estate agents, and beauty salons. Planning consent was granted in 2014 to convert the upper floors into residential dwellings, and a Certificate of Lawfulness was granted in 2023 confirming the implementation of the permission. The property is being sold as a freehold interest, with a guide price of £900,000, reflecting a low capital value of £164 psf and a gross yield of 7.3%. The property is located in the heart of Andover, with nearby businesses including a pub, estate agents, and retail stores.