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Property Listing Details

Property details

Features

  • Freehold

Listing view statistics

Last 30 days: 18 page views

Since listed: 2378 page views

Description

Belvoir Commercial have been instructed to sell another substantial residential & commercial mix property on the High Street here in Andover. The upper floors have recently been converted into 4 residential flats.
The freehold sale of the property consists of as follows:

2 x 2 Bedroom Flats

2 x 1 Bedroom Flats

1085 sq ft Commercial Retail Unit

Commercial

The location of the property sits in what is considered the 'sweet spot' of the high street and is presently let on a 15 year lease which commenced 2018.

The property shares its location with big brands such as hsbc, Lloyds, tsb, Santander, Boots, Dorothy Perkins, Costa & Top Shop etc.

Rental Income: £25,000pa + vat

Residential

The entrance to the flats on the first and second floor are accessed via a communal residential side access from the side of the building.

The flats are all presently rented on AST agreements via this office and are achieving as follows:

Flat 1 (2 bed): £660pcm

Flat 2 (1 bed): £625pcm

Flat 3 (2 bed): £695pcm

Flat 4 (2 bed): £595pcm

Total annual residential lettings income: £30,900

Combined

Total Annual Income: £55,900pa

Yield: Approx 6.21%

If you are interested in this property, please contact this office for more information.

Please note: The property is VAT elected and therefore will need to be added to any final sale price
About andover


The Andover area is predicted to have a population in the region of 50,000 people (by 2020) and is scheduled to grow further over the next few years.

The town has become the home of the new administrative headquarters of the British Army?s Land Forces and the Co-operative Group?s new 43,484 m2 [467,891 ft2] distribution depot.

Many well known Companies are located in the Andover area including Agricultural Mortgage Corporation, Britax-Excelsior, Simplyhealth, Lloyds Banking Group, Londis, Office Depot, Petty Wood, Stannah Lifts and Twinings to name but a few.

There are good road links to: London, the M25 and Heathrow & Gatwick Airports by the A303 dual-carriageway and M3; the West Country again by the A303; the major South Coast Ports of Southampton and Portsmouth by the A34/M3; and, the Midlands and the North by the A34/M40.
Andover also has a mainline railway station on the London, Waterloo - Exeter line. London Waterloo in less than 1 hour

Map & Nearby

Local Amenities

  • Andover 0.6 miles
  • Whitchurch (Hampshire) 6.4 miles
  • Andover Church of England Primary School 0.1 miles
  • Wolverdene Special School (SEN) 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Andover 0.6 miles
  • Whitchurch (Hampshire) 6.4 miles
  • Andover Church of England Primary School 0.1 miles
  • Wolverdene Special School (SEN) 0.3 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Belvoir - Estate & Lettings Specialist. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Belvoir - Estate & Lettings Specialist for full details and further information.