Chantry Lodge
Chantry Street , Andover , SP10 1DE

Up to 4,286 sq ft Retail space
Brand new Opportunity to be flexible with floor areas Investment opportunity Shell and core finish for fit out Suitable for A1 & A2 uses B2 use subject to planning (vendor to submit)DescriptionThe 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.Travel DIstancesThe table below shows the walking distances to the following:



Location
Miles
Time


Chantry Centre
0.1
2 Minutes


Andover Train Station
0.6
11 Minutes


Andover College
0.2
4 Minutes


Andover Bus Station
0.1
2 Minutes



(Source:- Google Maps)AccommodationThe 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:



Unit
Sq Ft
Sqm


Retail 1
1,076
100


Retail 2
818
76


Retail 3
377
35


Retail 4
710
66


Retail 5
635
59


Retail 6
670
65


TOTAL
4,286
401


Retail 2 & 3
1,195
111


Retail 5 & 6
1,305
124


Retail 4, 5 & 6
2,015
190


TermsUnits 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).ViewingsStrictly by appointment with the sole agents:Advanced
Holly Thomas
E-mail: holly.thomas@eu.jll.comT: 023 8038 5612M: 07808 887003
David McGougan
E-mail: david.mcgougan@eu.jll.comT: 023 8038 5628M: 07710 965639
  
 

Location