Roys Close, 18-26 High Street, Ludgershall, Wiltshire, Ludgershall, Andover, SP11 9DD
- PROPERTY TYPE
House
- SIZE
18,295 sq ft
1,700 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Guiding £1,700,000 - reflecting an 8.91% net initial yield, based on the current Estimated Rental Value, assuming 6.18% purchaser costs
- Current income of £103,283 per annum
- 7 x Two bedroom flats
- 2 x Two bedroom maisonettes
- 4 x Retail units - all let and income producing
- 2x Two bedroom semi detached houses
- Town centre location
- All residential properties benefit from allocated parking
- Active management or potential break-up opportunity
Description
A freehold mixed use investment opportunity comprising residential properties and a small retail parade. The residential element consists of seven purpose built flats, two maisonettes and a pair of semi detached houses.
Residential - Built in the 1980's, generally the units present well with separate kitchens, lounge and family bathrooms, benefiting from allocated parking, bin stores and some units benefit from a Juliet balcony. It is of our opinion the maisonettes were constructed in the mid 1900's.
Commercial - The commercial element consists of four occupied retail units including a pet shop, nail bar, cafe and craft/pottery business.
This Investment opportunity reflects an 8.91% net initial yield, based on the current Estimated Rental Value, assuming 6.18% purchaser costs.
The current income is broken down as below:
Residential - £73,783
Retail - £29,500
Location
Ludgershall is small market town situated on the Hampshire/Wiltshire border and benefits from a range national retailers including Co-op, Tesco Express and Spar supermarkets, a number of independent traders, public houses and service providers.
Southampton is 35 miles south, Bath is 40 miles west, Basingstoke is 27 miles east, and Andover is 7 miles southeast.
National rail service runs from Andover to London Waterloo, taking 1 hour and 9 minutes.
Viewings
By appointment through the sole Agent.
Terms
Offers are invited for the freehold.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
Legal Costs
Each party to be responsible for their own legal costs.
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
Disclaimer
Please note that Vail Williams have been unable to inspect all of the properties at Roys Close and so the floor areas in these particulars are based on information provided by our clients or obtained from
Data Room
Tenancy schedules are available upon request and held within the data room.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Roys Close, 18-26 High Street, Ludgershall, Wiltshire, Ludgershall, Andover, SP11 9DD
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Visit our security centre to find out moreDisclaimer - Property reference 237646-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vail Williams, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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