Off Market Opportunity to aquire the Freehold of this Character Property

Belvoir are delighted to offer an 'Off Market' Freehold of this beautiful character 3 storey High Street property (plus sizeable basement storage), located adjacent to one of the main entrances to Andover’s shopping centre. The property is set in a corner plot with dual aspect frontage in a recently updated and remodelled area of the high street near St Mary’s Church.

Corner Frontage

Ground Floor

Presently laid out as retail over the first two floors and office space to the second floor but could be re arranged to allow for conversion of the upper floors into 2 x 2 bed residential apartments (Planning for this conversion was granted but has now lapsed). The property would also suit a business owner looking to promote their business in a prime position with the possibility of converting the upper floors into accommodation for the owners or staff.

Ground Floor: 759 sq ft
First Floor: 642 sq ft
Second Floor: 518 sq ft
Basement: 480 sq ft

Total: 2399 sq ft

The property has many original features including exposed beams, brickwork, original floor boards, inglenook fireplace etc.

Retail Tenant Position: Due to the success of the business, the tenant will either move to larger premises or potentially keep this outlet as well as a new location. Therefore the property can be sold either with tenant in situ or with vacant possession.

For internal viewings of the property, please contact the office. In the interests of the tenant, please do not visit the property un arranged with Belvoir.

Guide Price: £495,000 

First Floor

Andover 
Picturesque market town located in the affluent Test Valley area of Hampshire 
£2.9m has been invested to extend and refurbish the bus station 
Further improvements underway to the town and community as part of the Andover Vision 20 year plan 
Strategic location adjacent to A303 and within easy reach of the M3 & M4 
Various car parks close by including a multi storey 
Andover has a number of core brands on the High Street that include Top Shop, Ernest Jones, Costa Coffee, Poundland, Boots, Argos, TK Maxx etc etc. 
Strong annual footfall or circa 7 million 
Catchment ; there is an affluent shopper catchment of approx 150,000 people drawing from the surrounding wealthy villages including Stockbridge and The Wallops 
Growing population ; there is substantial housing expansion underway with an additional 8250 dwellings to be built by 2029 with 6516 of those earmarked for Andover. There are recent communications and existing commitments at Picket Twenty & Augusta Park. 
Low unemployment; the town benefits from very low unemployment compared to the national average. 
Loyal customers ; people living in the core catchment area visit the town centre more than 70 times a year (rct 2010)

If you are interested in an internal viewing or more information, please contact us on 01264 366611

New measures will make it easier to turn underused office buildings into new homes

Housing and Planning Minister Brandon Lewis  announced earlier this month new measures that will make it easier to turn underused office buildings into new homes.

The move will provide thousands of new homes, and make the best use of existing buildings including some that are underused and neglected – while at the same time protecting the green belt.

Brandon Lewis said:

We’re determined that, both in Whitehall and in town halls, everything is done to get the homes we need built.

Today’s measures will mean we can tap into the potential of underused buildings to offer new homes for first-time buyers and families long into the future, breathing new life into neighbourhoods and at the same time protecting our precious green belt.

First introduced in 2013, temporary permitted development rights have enabled offices to be converted to new homes without having to apply for planning permission. It has meant that between April 2014 and June this year, almost 4,000 conversions were given the go-ahead.

However, these rights were set to expire on 30 May 2016 – potentially introducing a raft of unnecessary red tape and bureaucracy that would have hampered the conversion of underused office buildings and slowed down the delivery of thousands of new homes.

Today, Mr Lewis announced that these permitted development rights will now be made permanent. In addition those who already have permission will have 3 years in which to complete the change of use – ending potential uncertainty for developers and enabling the development of much needed homes.

To further support the delivery of new homes, the rights will in future allow the demolition of office buildings and new building for residential use.

In addition, new permitted development rights will enable the change of use of light industrial buildings and launderettes to new homes.

Further information

Those areas that are currently exempt from the office to residential permitted development rights will have until May 2019 to make an Article 4 direction if they wish to continue determining planning applications for the change of use.

There are areas in 17 local authorities in England consisting of individual buildings, roads or zones that are currently exempt from the rights, including:

• The City of London
• The London Central Activities Zone, which covers parts of the boroughs of Camden, Islington, Hackney, Tower Hamlets, Southwark, Lambeth, Wandsworth, Westminster, Newham, and Kensington and Chelsea
• Areas in the borough councils of Stevenage, and Ashford (Kent)
• Areas in the district councils of Sevenoaks and East Hampshire
• Manchester City Centre

These exemptions will remain in place until May 2019, providing time for local authorities to consider making an Article 4 direction to remove the rights and require a planning application for any proposed change of use.

Those who already have prior approval or who secure permission will have 3 years in which to complete the change of use.

The rights to allow for demolition of offices and new build as residential use will be subject to limitations and prior approval by the local planning authority. Further details will be provided in due course.

The new permitted development rights for the change of use of light industrial buildings and launderettes to residential use will be subject to prior approval by the local planning authority. Further details will be provided in due course.


If you have a commercial property that you believe might be suitable for conversion, please contact Greg Greatbatch of Belvoir Commercial 01264 366611

Belvoir Commercial have successfully SOLD various types of commercial property to developers for the purposes of the above. Whether you have offices, floors above retail, pubs, clubs, land or unused buildings, give Belvoir a call to see we can do for you.

5962 sq ft Office-to-Resi Development Opportunity

*** GUIDE PRICE £595,000 ***

We have been instructed on a sole agency basis, a splendid Georgian 5962 sq ft property that is presently used as offices but could be converted to a number of quality character residential dwellings STPP.

A real feature of this grade II listed property is the expansive gated car park, that again STPP, could be built on as has successfully been permitted next door where 4 properties have been erected.

The main building is a mix of mainly character Georgian style and fabric but there is a number of more recent extensions to the rear along with a modernistic barn-style section that also has vaulted ceilings.

The property is located on East Street in Andover which is located just a stone's throw from the town centre.

Demand for residential property in this location is high and typically achieves higher than average values (examples of property sold and let by us in this area available by request).

The property is presently Let with the present tenants moving to larger premises. They are due to vacate circa April 2016 which should allow any planning proposals to be completed prior to completing on the property.

The floor plan of the property is as below (larger digital version available upon request)

For more photography and information, please follow this link: http://www.zoopla.co.uk/for-sale/commercial/details/37626821

Please register your interest initially by email to commercial@belvoirandover.com, along with any initial questions you may have.