7 Property Investment Opportunity

Property Portfolio Opportunity

Belvoir Andover are delighted to be bringing to the market 7 individual apartments located on Andover’s High Street in an historic and picturesque heritage property.

The building is being sympathetically restored and converted to allow a mix of studio, 1 bed & 2 bed apartments.

A communal entrance hall greets you home with a sweeping grand staircase to the upper floors and an atrium allowing daylight to come flooding down through the centre of the building.

This unique investment opportunity allows you to potentially buy from 1, to all 7 ‘off plan’ at an early stage where, if desired, you can watch and oversee the conversion process.

The properties can be purchased at a favourable rate by buying early and these prices are as follows:

		Type	Sq Ft	Purchase Price	Rent	Yield
Flat 1		1 Bed	705	£135,000	£650	5.78%
Flat 2	1 Bed		576	£130,000	£625	5.77%
Flat 3		1 Bed	433	£130,000	£625	5.77%
Flat 4		2 Bed	747	£155,000	£700	5.42%
Flat 5		Studio	449	£110,000	£575	6.27%
Flat 6		2 Bed	618	£155,000	£700	5.42%
Flat 7		Penthouse 1 / 2 bed	778	£155,000	£700	5.42%
Total			4306	£970,000	£4,575	5.66%
Average Yield						5.66%

We now have floor plans for the individual dwellings so we can these to you upon request.

About Andover
Andover, despite being a market town, has a high rental demand and relatively low availability driving rental prices upward. Great road links (A303/M3) and a mainline (London Waterloo) train station taking you to the nation's capital in under an hour make it an ideal commuter town. Many large brands make Andover their national/international HQ (Stannah Stair Lifts, Le Creuset Kitchenware, Twinings Tea, Lloyds TSB National Call Centre etc).

If you are interested in finding out more about this exciting investment opportunity, please contact Greg Greatbatch on greg.greatbatch@belvoirandover.com or by calling 01264 366611

What are the costs of buying or leasing a Commercial Property

Are you about to buy or rent a commercial property for the first time?

One thing you will need to build into your business plan is the costs of a commercial property.

In this blog you will learn about the various costs associated with buying or renting a commercial property:

Purchase or Rental costs

This seems an obvious one, but don't forget to check if there is VAT to pay on either of these. If the property is owned by a business the n the chances are there will be VAT to pay. It is common practice for an agent to say if the property is 'VAT Elected' or not. VAT at 20% can make a big impact on your set up and/or onward running costs.

Business Rates

OK so all commercial property you will have to pay the business equivalent of council tax. This starts off as the 'Rateable Value'. However, depending on a number of criteria, the council will give you up to 100% relief on the business rates. Read more about this by reading our blog on this subject by clicking here.

Solicitor/Legal Costs

Even though solicitors are normally used by both sides for the sale/purchase of a residential property, solicitors are rarely used for residential lettings. However, in the commercial world, solicitors are always used. This is for a variety of reasons and not least because of the longer term commitment that is presented in commercial property. The other 'norm' is the inbound tenant or purchaser often pays the legals costs of the landlord/vendor. If you are looking to lease a property, as with looking to rent a residential property, you will also be responsible for the costs of the background checking of yourself and/or the business that will be leasing the property. This is so the landlord can evaluate your credit worthiness and ability for onward rent payments etc. Some landlords even like to see a business plan before accepting you as a tenant so it is worth having this available if this becomes required.

Planning Costs

Each commercial property is given a 'Use Class' and this determines what the commercial property can be used for. For example if you were simply selling widgets, most likely you would need A1 Retail use. If you were an estate agent, you would need A2 Professional Services us. So if the property does not have the right Use Class, then it may be necessary for you to apply for a 'Change of Use'. This is usually approx £350 and is payable to the local council. Along with your application, you will need to provide detailed 'Plans'. These have to be correctly scaled either to 1:50 or 1:100 annotating the rooms proposed use. Contact us to arrange to have these plans drawn up.

If you are planning on leasing or purchasing a commercial property, please contact us at commercial@belvoirandover.com or telephone 01264 366611 for more information,

Belvoir is an award winning Commercial & Residential Real Estate Agent based in central Andover, providing modern & efficient property marketing services in the Andover, Tidworth, Ludgershall & Whitchurch areas of Hampshire & Wiltshire.

How Will You Market My Commercial Property?

The most comprehensive online portal exposure from ANY agent in Andover or the surrounding areas

Property Portal advertising generates around 95% off all enquiries into the office so this is a key marketing tool. We advertise on more portals than any other agent in town which include both residential and commercial portals. With Zoopla, PrimeLocation & Rightmove having the largest market share of hits, these are the big 3. However niche investors & business owners visit other sites that include:

Resi specialist

Rightmove (including premium upgrades from the standard offering)

Zoopla (including premium upgrades from the standard offering)

PrimeLocation (including premium upgrades from the standard offering)

Gazette & Herald Online

Andover Advertiser Online

Nestoria

and many more

Commercial specialist

PropertyLink

Estates Gazette

MoveHut

In negotiations with others

Local & National Websites

National Site: www.belvoir.co.uk

Local Site: www.belvoirandover.com

Social Media

All our investment opportunities are spread via our extensive social media channels such as LinkedIn, Twitter, Google+ & Facebook. We have placed a number of investments to developers & investors via targeted mailings on LinkedIn which appeals to high net wealth individuals looking to invest.

Direct Marketing

We have spent countless £10,000 on marketing over the years since our 1997 birth and have developed close relationships with 1000's of local & national developers as well as local, national & international investors due to our significant market share in the resi lettings and buy to let arena. Networking at local events and the hosting of buy to let evenings in partnership with Barclays Bank here in Andover. We are therefore able to reach out and touch 1000's of potential purchasers directly to their email inbox as well as the usual follow up phone call.

National Network

We are part of a 161 strong network of offices around the UK & Ireland that include offices in Chelsea & Fulham and other affluent areas of the country. Strong in buy to let potential.

Dedicated Belvoir Andover Smart Phone App
Your property will be featured on our dedicated smart phone app for iPhone & Android devices which has been downloaded by local people serious about finding property. The app syncs with the onboard maps to provide sat nav directions to the property.

Local Commercial agent vs National Agent

We are the only residential & commercial estate agent in Andover and therefore benefit from a wider audience of investors. Many investors have a mix of both types of property and therefore get the lion's share of leads in this area. Unlike many of our national competitors, we are based in Andover town centre and can therefore easier facilitate adhoc viewings to more potential buyers and tenants. We consistently achieve quicker and more lucrative results than our national agent competitors often when property has languished on the open market for months and sometimes even years with national agents before coming to us.

If you have a commercial or residential property to sell or let, please contact Greg Greatbatch on 01264 366611 or via email greg.greatbatch@belvoirandover.com

Find out more about Belvoir Commercial here: www.belvoirandover.com/commercial.html

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.

** 25 Property Portfolio Available **

We have a client with a portfolio that consists of 3 buildings and split into 25 self contained residential apartments. 

Our client is looking to lease the whole property between 5 - 20 years at a an annual lease of around £100k - £125k depending on term. The flats are located approx 70 miles from Andover in a NW direction (details and photos available upon request).

The flats would achieve circa £145k once let so a return could be viewed at around 45% pa

The whole interior of the buildings were completely refurbished in June 2015 (please see pics attached). The properties are access via a gated driveway and there is ample parking available.

If you are seriously interested in this unusual but lucrative opportunity, please register your interest via 'email only' to me. Once registered, your details will be passed to one of my colleagues who will contact you and discuss the property in depth and send you more information and pictures.

To register your interest, please email me at commercial@belvoirandover.com

Small business rates relief explained

It is not common knowledge among small businesses that the local council may be able to offer you a discount on your rates, if your business or the property you occupy fit certain criteria.

We think the following information will help explain this for you:

Some properties are eligible for discounts on their business rates. This is called ‘business rates relief’.

Your local council will automatically apply some reliefs. Contact your local council if you’re not getting the discounts you think you’re entitled to.

You can get small business rate relief if:

• you only use one property
• your property’s rateable value is less than £12,000

What you get

You'll get 100% relief (doubled from the usual rate of 50%) until 31 March 2016 for properties with a rateable value of £6,000 or less. This means you won’t pay business rates on properties with a rateable value of £6,000 or less.
The rate of relief will gradually decrease from 100% to 0% for properties with a rateable value between £6,001 and £12,000.

You have more than one property

You can get small business rate relief if the rateable value of each of your other properties is less than £2,600.
The rateable values of the properties are added together and the relief applied to the main property.
You’ll keep getting any existing relief for one year when you get a second property.

You’re a small business but don’t qualify for relief

If your property has a rateable value below £18,000 (£25,500 in Greater London) you’re considered a small business.
Even if you don’t qualify for small business rate relief, your business rates will be calculated using the small business multiplier instead of the standard one. This is the case even if you have multiple properties.

The multiplier shows the percentage (pence in the pound) of the rateable value that you pay in business rates. A list of currentmultipliers is on the Valuation Office Agency (VOA) website.

We hope you find this useful and if you have any other commercial property query, please do not hesitate in contacting us.

Belvoir Commercial
commercial@belvoirandover.com
01264 366611

June 2015 - A Record Month Already for BELVOIR Commercial

It's the 23rd June 2015 and already Belvoir have seen more commercial business complete than ever before.

This is obviously great news for our business but maybe it's good for you too?

Could this be a trend for the commercial property industry here in Andover ? Or just Belvoir being the most proactive commercial agent in the town.

We have seen the successful sale and letting of property that other well known commercial agents have not been able to close.

How have we achieved this?

We have taken a fresh approach to Commercial Property Marketing. Most established commercial agents tend to 'do what they have always done'. This would never work in the residential market place, clients demand more. So we have taken our expertise in the sale and letting of residential property and applied it to our Commercial. Retail & Industrial property marketing here in Andover, Ludgershall, Tidworth & Whithcurch.

We now advertise commercial property in more places than ANY other agent in Andover. More eyes mean higher prices achieved, it really is that simple. Well, that coupled with enthusiastic and proactive sales people, we find this whole process comes with ease for us.

If you are looking at modern & professional commercial property marketing, why not give us a call to discuss your property needs. Or why not visit our website to learn more about us: Belvoir Commercial