Land for sale

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Land for sale

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, comprises a terrace of mixed-use commercial properties that are fully let and generating income. The upper floors of numbers 17-21 have been converted into three residential dwellings, with planning permission granted in 2014 and a Certificate of Lawfulness issued in 2023. The ground floors are occupied by various businesses, including a café, estate agents, and beauty salons, while the upper floors are residential. The property has a total internal area of 5,478 square feet and is rated D to E for energy efficiency. The freehold interest is being offered for sale with existing commercial leases and implemented planning consent, with a guide price of £900,000, reflecting a low capital value of £164 per square foot and a gross yield of 7.3%.