Sainsbury’s Supermarkets Ltd have sold Bridge Street Mall, Andover to a private property company.
The Mall comprises eight units ranging from 500 to 1,350 sq ft and with four units let has a current income of £40,000 per annum. The new owners propose to occupy two units and following refurbishment they will market the remaining two units through London Clancy.
David Mills, Head of Property Communications, at Sainsbury’s Supermarkets Ltd said “we bought Bridge Street Mall ten years ago so we could expand our established town centre store. However, we chose to keep the store the same size after gaining planning permission for another store in the local area.”
London Clancy with offices in Basingstoke, Camberley and Southampton acted for Sainsbury’s Supermarkets Ltd in selling the freehold interest. “There are challenges with Bridge Street Mall following changes to high street retailing countrywide and the surge of the internet” reports James Clay of London Clancy “but with two units being immediately occupied and some freshening up of The Mall we are confident that the vacant units will let quickly”.
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