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1C Union St 435 sq ft Retail Property Andover SP10 1PA £140,000 (£321.84/sq ft) 8.07% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in a busy position
- Close to several town centre car parks
- Just off Andover High Street
EXECUTIVE SUMMARY
Offers invited in the region of £140,000 which will show a purchaser a net initial yield of about 8.07% after deducting purchaser's costs at 1.75%.
Julie Wakeham & Theresa Holloway have occupied the premises since 1998 and terms for a new 6 year FRI lease from 25 March 2025 have been agreed subject to a non-downward rent review after 3 years, tenants’ option to break at the 3 year point with 6 months’ notice, security of tenure excluded at the end of the term and at a commencing rent of £11,500 pax.
Julie Wakeham & Theresa Holloway have occupied the premises since 1998 and terms for a new 6 year FRI lease from 25 March 2025 have been agreed subject to a non-downward rent review after 3 years, tenants’ option to break at the 3 year point with 6 months’ notice, security of tenure excluded at the end of the term and at a commencing rent of £11,500 pax.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
435 sq ft
Costar Property Class
C
Year Built
1970
Price
£140,000
Price per sq ft
£321.84
Yield
8.07%
NOI
£11,298
Tenancy
Single
Number of Floors
1
Plot ratio
0.74
Total Plot Size
0.01 ac
Frontage
15 ft on Union Street
AMENITIES
- EPC - C
1 1
NEARBY MAJOR RETAILERS
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1C Union St
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