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4 London Rd 1,140 sq ft Retail Property Andover SP10 2PA £900,000 (£789.47/sq ft) 7% Net Initial Yield
Investment Highlights
- Occupying a central position within the town centre
- Neighboured by amenities
- Highly visible to passig traffic and footfall
Executive Summary
An outstanding opportunity to acquire a prominent mixed-use investment in the heart of Andover town centre, comprising the freehold interest of the entire building together with the leasehold interests of Flats 2–6 and a ground floor commercial premises let to an established commercial occupier. Producing a current gross rental income of approximately £63,040 per annum, the property offers investors an attractive and diversified income stream from both commercial and residential sources, together with future asset management and value enhancement potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,140 sq ft
Costar Property Class
C
Year Built
1972
Price
£900,000
Price per sq ft
£789.47
Yield
7%
NOI
£63,040
Tenancy
Single
Number of Floors
3
Plot ratio
0.57
Total Plot Size
0.05 ac
Frontage
26 ft on London Street
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Nearby Major Retailers
1 of 5
Videos
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4 London Rd
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