5 Bedrooms Property for Sale in Foresters House, Andover for £900000

. The apartments are well established and provide at strong residential income stream within at highly desirable town centre location. The seller advises that the property has historically benefited from strong tenant demand and low levels of tenant turnover. Furthermore, the current residential rents may offer future reversionary potential, with at number of the apartments considered to be let at levels below prevailing market rents, presenting an opportunity for rental growth as tenancies are due to be reviewed in 2027. The sale includes the freehold of the entire building. Flat 1 is held on at long lease expiring 31 December 2133, with the freeholder retaining all associated reversionary interests. There may also be an opportunity to acquire the leasehold interest of Flat 1 by separate negotiation, presenting the potential for purchasers to secure ownership and control of the entire block.Further benefits include rights to three parking spaces located to the rear of the property, currently allocated within the commercial tenancy. Occupying at highly visible and central position within Andover town centre, this rare investment opportunity combines at secure commercial tenant, established residential income, long-term reversionary interests and significant future asset management potential, making it an attractive proposition for private investors, property companies and portfolio purchasers alike.