- No Commission
Unit 3 Chantry LodgeFavourite
SP10 1DE Andover
377.00 ft² (35.02 m²)
Rent: Price on applicationPrice: Price on application
The development comprises of six separate units which all have individual gross internal areas less than 1,500 sq ft. The units face onto Chantry and West Street and are single storey with Category 2 Sheltered Living above. Each unit varies in size with the largest single unit being 1,076 sq ft and the smallest being 376 sq ft. There is the potential to be flexible with the unit sizes depending on which unit(s) is of interest.
Units 1, 2, 3, 5 and 6 will be brought to the market in shell and core condition.
Unit 4 is assumed to be brought to the market in shell and core condition once Churchill’s occupancy ends. However if otherwise specified it can be available in it's current condition.
The units can be disposed of as six individual entities, as displayed in the table below. Or there is the opportunity to provide larger floor areas by combining units. An example of where there is the potential to combine units to provide larger floor areas is by combining units 4, 5 and 6 (as labelled on the floor plans) which could provide up to 190 sq m (2,015 sq ft). Combining these units would also mean that this new unit would benefit from dual frontage onto West Street and Chantry Street.
The table below shows a breakdown of the space available on a GIA basis:
|Retail 2 & 3||1,195||111|
|Retail 5 & 6||1,305||124|
|Retail 4, 5 & 6||2,015||190|
Units 1, 2, 3, 5 and 6 will be subject to a sale on long leasehold basis, either with vacant possession or as an investment. These units will be on a 125 year lease term which falls in line with the leasehold term of the sheltered living accommodation above.
A sale and lease back option for Unit 4 will be considered allowing Churchills to continue to occupy Unit 4 for an agreed period of time (approx 2 years post completion of the units).
Strictly by appointment with the sole agents:Advanced
T: 023 8038 5612
M: 07808 887003
T: 023 8038 5628
M: 07710 965639
Andover is situated in central Hampshire serviced by the A303 going east to south west. Within Andover the retail units are located to the north of Chantry Centre accessed via West Street from the west and Chantry Street from the east. Within close proximity to the six retail units is Andover Leisure Centre and Andover College. Further afield to the west is Andover train station.