Resi Development Opportunity, Andover, Andover, SP10 - Image 1

Resi Development Opportunity, Andover, Andover, SP10

South West

£1,250,000

Listed on 20/10/2023

The listing

Property details

Bedrooms
N/A
Type
Light Industrial

Description

This property presents a compelling investment opportunity in the heart of Andover, with the potential to develop over 31 residential units, subject to planning approval. The existing commercial structures, which currently have an EPC rating of D/E, offer a solid foundation for renovation or redevelopment. Situated near the bustling town center on Osborne Road, this location is well-connected and surrounded by a variety of amenities including major supermarkets, recreational facilities, and scenic riverside walks. The proximity to schools with outstanding Ofsted ratings adds further appeal for family living. Additionally, with excellent transport links to London and beyond via rail and road networks, this site not only promises significant growth potential but also positions itself as an attractive option for future residents.

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Map

Location

Resi Development Opportunity, Andover, Andover, SP10
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Transport

Nearest stations

  • Andover Rail Station

    0.6 miles

    Train · Andover

  • Whitchurch (Hants) Rail Station

    6.5 miles

    Train · Whitchurch

  • Grateley Rail Station

    6.6 miles

    Train · Grateley

  • Micheldever Rail Station

    9.7 miles

    Train · Micheldever Station

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£5,107
Based on a loan of £937,500 over 30 years at 5.13% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Pricing

Price history

-16.7% since listed
£1,250,000£250,000(-16.7%)
31/01/2024
Current price
£1,500,000Initial listing
19/10/2023

Services

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