Monday, 22 December 2014

Commercial, Retail & Industrial Property Update

As we prepare for 2015 completions on let and sold commercial property, we are now reflecting on what has been a very active year for commercial property. With over double the number of successful lets and sales than in 2013, clearly confidence is returning to small and medium size businesses in and around the Andover area.

Greg Greatbatch, who's our Commercial Property Specialist and co owns the Belvoir office on Bridge Street in Andover says “We have been inundated with applicants looking to buy or rent commercial property in the Andover area, even on the run up to Christmas. Now with significantly more applicants than property, we are keen to talk to owners and landlords who require effective marketing of their property and an efficient let or sale. 

The empty retail units that used to line our town centre are slowly but surely being filled and we are seeing some big name businesses coming to the town including Subway, Frangos and even Pizza Hut rumored to be opening in 2015”

He adds: “We have seen a particular boost in small businesses coming to market, taking shops and offices up to the £1500 pcm mark. We have also seen a large influx of investors buying office space above retail shops and converting this to residential. With the recently relaxed permitted building rights, developers are snapping up opportunities to develop empty office space."

Commercial Property Finance now easier than ever with dedicated commercial finance assistance from Andover lenders is making buying a very real option for businesses with longer term strategies. Contact us if you would like a quote.

As January is typically very active for business moves, it would be worth making contact with us ASAP so we can get your property on the market and ready.

BELVOIR have been property specialists here in Andover since 1997 and requires more commercial property for waiting applicants.

Please contact Greg Greatbatch 01264 366611 or