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Land for sale
London Street, Andover, Hampshire, SP10
£750,000
London Street, Andover, Hampshire, SP10
£750,000
Our Summary
- Planning consent was successfully obtained in 2014 (application reference 14/00633/FULLN on Test Valley Borough Council website) to permit the upper floors conversion of 17-21 London Street to create three individual residential dwellings
- A Certificate of Lawfulness for Existing Development was granted on 13th November 2023 confirming that the planning permission has been implemented
Description
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Here is a summary of the property description in a single paragraph:
For sale is a mixed-use commercial freehold property located on London Street in Andover, comprising four properties with a total internal area of 5,478 sq ft. The properties are currently part-let, with 7-11 vacant, 13 occupied by Graham & Co Estate Agents, 15 by Coco Cosmetic Beauty Salon, and 17-21 by Country Cousins. Planning consent was granted in 2014 to convert the upper floors of 17-21 into three residential dwellings, and a Certificate of Lawfulness was granted in 2023 confirming the conversion. The property is being sold for £750,000, reflecting a low capital value of £137 psf and a gross yield of 6% on the existing rental income.