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5 bed detached house
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Our Summary
- 0% Gross Yield | Guide Price £900,000Prime Freehold Investment OpportunityAn 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
- There may also be an opportunity to acquire the leasehold interest of Flat 1 by separate negotiation, presenting the potential for purchasers to secure ownership and control of the entire block
- Occupying a highly visible and central position within Andover town centre, this rare investment opportunity combines a secure commercial tenant, established residential income, long-term reversionary interests and significant future asset management potential, making it an attractive proposition for private investors, property companies and portfolio purchasers alike
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Description
The property is a prime freehold investment in the heart of Andover town centre, consisting of a mixed-use building with a ground floor commercial premises and five self-contained apartments. The commercial space is let on a 10-year lease with a current passing rent of £19,000 per annum, increasing to £20,000 in 2028, and generating a gross income of £49,000 per annum. The five apartments produce a combined rental income of £44,040 per annum and are included within the sale, offering a secure and diversified income stream.
The property has a total gross rental income of £63,040 per annum, resulting in an approximate 7.0% gross yield based on the guide price of £900,000.