1C Union St 435 SF Retail Building Andover SP10 1PA $189,753 ($436.21/SF) 8.07% Cap Rate

INVESTMENT HIGHLIGHTS

  • Located in a busy position
  • Close to several town centre car parks
  • Just off Andover High Street

EXECUTIVE SUMMARY

Offers invited in the region of £140,000 which will show a purchaser a net initial yield of about 8.07% after deducting purchaser's costs at 1.75%.
Julie Wakeham & Theresa Holloway have occupied the premises since 1998 and terms for a new 6 year FRI lease from 25 March 2025 have been agreed subject to a non-downward rent review after 3 years, tenants’ option to break at the 3 year point with 6 months’ notice, security of tenure excluded at the end of the term and at a commencing rent of £11,500 pax.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
435 SF
Year Built
1970
Price
$189,753
Price Per SF
$436.21
Cap Rate
8.07%
NOI
$15,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.74
Lot Size
0.01 AC
Frontage
15’ on Union Street

AMENITIES

  • Energy Performance Rating - C

NEARBY MAJOR RETAILERS

Caffe Nero
Coffee #1
Costa Coffee
Iceland
Lloyds Bank
T S B
HSBC
ASDA
Waitrose & Partners
Morrisons
  • Listing ID: 34996082

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 1C Union St, Andover SP10 1PA