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4 London Rd 1,140 SF Retail Building Andover SP10 2PA $1,227,814 ($1,077.03/SF) 7% Cap Rate
Investment Highlights
- Occupying a central position within the town centre
- Neighboured by amenities
- Highly visible to passig traffic and footfall
Executive Summary
An 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. Producing a current gross rental income of approximately £63,040 per annum, the property offers investors an attractive and diversified income stream from both commercial and residential sources, together with future asset management and value enhancement potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,140 SF
Building Class
C
Year Built
1972
Price
$1,227,814
Price Per SF
$1,077.03
Cap Rate
7%
NOI
$86,002
Tenancy
Single
Building Height
3 Stories
Building FAR
0.57
Lot Size
0.05 AC
Frontage
26’ on London Street
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Nearby Major Retailers
1 of 5
Videos
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Photos
Street View
Street
Map
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4 London Rd
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