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House
·
for sale
£ 900,000
5 bedroom house for sale
Venice Court SP10 Andover
· 5 Bedrooms · 5 Baths · House
Venice Court SP10 Andover · 5 Bedrooms · 5 Baths · House
Town Centre Mixed-Use Investment | £63,040 p.a. Income | Approx. 7.0% Gross Yield | Guide Price £900,000Prime Freehold Investment Opportunity 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. The ground floor commercial accommodation is let on a 10-year Full Repairing and Insuring lease commencing 16 January 2025 and expiring in January 2035. The current passing rent is £19,000 per annum, increasing to £20,000 per annum in 2028, with a tenant break option and rent review scheduled
Town Centre Mixed-Use Investment | £63,040 p.a. Income | Approx. 7.0% Gross Yield | Guide Price £900,000Prime Freehold Investment Opportunity 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. The ground floor commercial accommodation is let on a 10-year Full Repairing and Insuring lease commencing 16 January 2025 and expiring in January 2035. The current passing rent is £19,000 per annum, increasing to £20,000 per annum in 2028, with a tenant break option and rent review scheduled
£ 900,000