High Street *** Freehold Investment Opportunity ***


Guide price

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

The location of the property sits in what is considered the 'sweet spot' of the high street and is presently let to the premium greetings card retailer 'House of Cards' on a 15 year lease. The property shares its location with big brands such as hsbc, Lloyds, tsb, Santander, Boots, Dorothy Perkins, Costa & Burton etc.

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.

Rental Valuation:

Commercial: Presently paying £28,500k pa + vat

1 beds: £595pcm

1 Bed: £625pcm

2 beds: £650pcm x 2

Total annual residential lettings income: £30,240

Total Annual Income: £58,740pa

Yield: Approx 6.69%

If you would be interested in this property, please contact this office for more information

Arrange viewing 01264 366611

Belvoir - Andover

18 Bridge Street, Andover, Hampshire

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