Royal Oak Goodworth Clatford 2,508 SF Retail Building Andover SP11 7QY $1,292,137 CAD ($515.21 CAD/SF) 7.63% Cap Rate

We are instructed to invite offers in excess of £700,000 (7.63% NIY) assuming the usual purchasers costs. The property is held freehold (Title Number HP598486).
The entire property is let to a private individual on a 5 year lease from 22 October 2024 at a current rent of £29,000 per annum, and an annual tie release fee of £27,248, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £7,361 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
The fixtures and fittings are currently owned by the occupational tenant.
The property comprises the basement, ground and first floor of a two storey detached building with painted brick and tiled-clad elevations beneath a pitched tiled roof. Located in the village of Goodworth Clatford 3.3 miles south of Andover in the county of Hampshire, 60 miles southwest of London. The Royal Oak is situated fronting Longstock Road in a village setting surrounded by residential homes and farmland, a short drive south of Andover. The village has local attractions including; The Clatford Arms, Goodworth Clatford Vineyard and St Peter's Church.