10 Bridge Street, Andover, Hampshire, SP10
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops and Class E
A1, E
Key features
- Freehold retail and residentail investment
- Fully let producing £34,300 pa
- Located in town centre
- Close to Iceland, Nat West, Howdens insurance,Gi Group and others.
- Ground floor and separate one-bedroom flat, both fully let under 2 leases
Description
The property is situated in Andover town centre. The town has a population of approx. 50,000 and is scheduled to grow further over the next few years. Andover has good access from the A303 West County trunk road with the A34 north/south trunk road being approx. 6 miles to the east.
The property is located in Bridge Street next to the historic White Hart Hotel. Nearby occupiers in Bridge Street include Iceland, Nat West, Dominos, Gi Group, Howdens, estate agents and The Post Office. The property is close to the southern end of The High Street where occupiers include Pizza Express, Peacocks, Hayes Travel and is a short distance to the Chantry Shopping Centre.
There are various public parks close by which serve the town centre.
Description
The property comprises a ground floor retail unit which includes a first floor store room at the rear of the building. There is rear servicing access to the shop from Waterloo Court. The first floor comprises a one-bedroom flat with electric heating. Access to the flat is at the rear of the property.
Accommodation Summary
The property is arranged on a net internal area basis, as follows with information taken from the valuation office website:-
Ground Floor
Shop - sales area 84.02 sq m 904 sq ft
Kitchenette 9.51 sq m 102 sq ft
First Floor (part)
Store room 5.96 sq m 64sq ft
FIRST FLOR FLAT
Living room/kitchen
Bedroom
Ensuite Bathroom
Business Rates & Council Tax
The VOA have assessed the business premises on the 2023 Rating List with a Rateable Value of £16,000. The residential accommodation is within council tax Band A.
Energy Performance Certificate
The ground floor shop has an energy performance asset rating (EPC) of 57 (band C). The flat has an EPC rating of 55 (Band D). Copies of the certificates are available for inspection.
Leases
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 shop is let to a charity who hvae 20 shops in southern England.
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.
For Sale
The freehold is offered for sale at a guide price of £425,000 subject to contract.
Brochures
10 Bridge Street, Andover, Hampshire, SP10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Andover Station0.6 miles
Notes
Disclaimer - Property reference 10bridgestAndover. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pullen Associates, Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.