High Street Retail Property for sale

Investment Opportunity High Street, Andover, Andover, SP10, GB


Guide price
£230,000
S.O.A.

Features

  • 100 YEAR LEASEHOLD
  • 3 PHASE ELECTRICS
  • AIR CONDITIONING
  • Approx 1000 SQ FT
  • CCTV & ALARM
  • INVESTMENT OPPORTUNITY - Indicative YIELD AT ASKING PRICE 8.7%
  • PRIME HIGH STREET LOCATION

Description

SOLD STC BELVOIR are pleased to bring to the market this PRIME High Street Retail property consisting of circa 1000 sq ft retail space.
The property is to be let to a tenant on a 10 Year Lease @ £20,000 pa (contracts yet to exchange) which equates to 8.7% yield (we are not financial advisers, and advise you to seek independent advise before committing yourself financially)
The property benefits from being situated opposite the CHANTRY SHOPPING CENTRE entrance & Specsavers as a direct neighbour, having AIR CONDITIONING, 3 phase electrics, sound proofing, Alarm & CCTV system.
Leasehold/Freehold: Long Leasehold
Dimensions are approx and you should consider any information in this advert as for guide purposes only. You should ensure you make your own checks to ensure accuracy.
The freehold of this property is also available, as well as 3 residential flats above. Please contact us for more information.
ABOUT ANDOVER
The Andover area currently has a population in the region of 52,000 people and is scheduled to grow further over the next few years.
The town has recently 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.

Categories

High Street Retail Property
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Property reference
68596e7f02268d43c2b8b6abd2c634fd