Exciting Convenience Store Opportunity available on a Pre-Let

Key Points

• Brand new convenience store with allocated parking
• Available by way of a new FRI lease
• Forms part of the wider Augusta Park development
• To be built, with practical completion planned for December 2025
• Prominent location

Description

The property to be constructed comprises a brand new purpose built ground floor convenience store with residential accommodation above. The customer car park will be located to the west of the property and there will be a delivery drop-off point outside the service entrance on the east side of the property.

The retail premises will be well placed to serve the local community, within an established site of approximately 2,800 homes. Andover has a population of 50,815 according to the 2021 census and is scheduled for further growth.

Location

The property is part of a wider urban extension (Augusta Park) that has delivered 2,800 new homes and associated facilities and open space. The wider site has been completed creating a new community of residents in the northeast of Andover. Augusta Park is predominantly residential in character, but also includes primary schools, nurseries, a community facility and takeaways.

Andover offers a range of shopping, educational and recreational facilities including a college of further education, a cinema, theatre and leisure centre. It is also an important commercial centre of north Hampshire, situated on the A303 Trunk Road. The A303 links directly to the M3 at Junction 8, approximately 20 miles to the east, London and the M25 and interconnects with the A34 dual carriageway running north from the M3 at Winchester, linking Newbury and Oxford to the M40. Main line railway connection to London Waterloo (approximately 70 minutes).

Terms

The opportunity is being offered by way of a new full repairing and insuring lease (FRI) available on terms to be agreed.

Rent on application. The rent is exclusive of rates, service charge and VAT.

Anti Money Laundering

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