COMMERCIAL
Market Street, Alton, Hampshire
£150,000
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Grade II listed building
- Freehold investment opportunity
- Town centre location
Description
Situated in the charming market town of Alton, Hampshire, this period building offers a highly advantageous location for businesses seeking both local and regional customers. Alton is a thriving town known for its rich history, vibrant community, and excellent transport links, making it an ideal location for retail, service, or hospitality ventures.
The period-listed building benefits from a central position within Alton's bustling town centre, ensuring high footfall from residents and visitors alike. The area boasts a mix of independent shops, cafes, and national retailers, fostering a lively atmosphere and providing synergy for new businesses. Nearby attractions, including the Watercress Line heritage railway and Jane Austen’s house draw tourists throughout the year, adding to the potential customer base.
The end-terrace property has been awarded Grade II listing status and the freehold is set over three floors, (basement, ground and first floor), with a long leasehold residential flat on the first floor (Sold off), rear retail unit (sold off) and let ground and basement retail unit currently let on favourable terms to the front. The three units are held on various leases within the freehold and make up 22, Market Street, 22a Market Street, and 14 Market Square.
Excellent retail commercial investment with the potential of the investment being wrapped within a SIPP and yielding close to 8% at current income increasing by a minimum rent review to 8.22%.
The Freeholder manages, insures and recovers from the leaseholders by way of a service charge, the freeholder is also able to charge a management fee.
Property in Detail
22a Market Street
Two-bedroom residential unit with Kitchen, Reception Room stairs from Ground Floor to First Floor. Held on a 125 year lease from 2014, service charges are 55% of the general outgoings of the building.
14 Market Square
Ground & basement Retail unit currently let on a long lease who has intern let to a Tenant for a rent of £9,000 pa
22 Market Street
Ground and Basement Retail shop currently let out for a term of 7 years commencing June 2024 with rent reviews every 3 years (upward only) min 4% max 8% increases, Directors Personal Guarantee. 6 Week Rent deposit. Current Rent £11,856 pa. 35% share of Service Charges.
Location:
From a connectivity standpoint, the shop is superbly placed. Alton Railway Station is just 0.5 miles away, approximately a 10-minute walk, providing direct services to London Waterloo in under 1.5 hours. This proximity makes the town an attractive destination for day-trippers and commuters, further enhancing business opportunities.
For road access, Alton is well-connected via the A31, which links the town to major road networks, including the M3 and A3. Winchester and Guildford are within a 30-minute drive, while Farnham and Basingstoke are even closer. This strategic location offers easy access to a wider customer base across Hampshire and Surrey.
Population:
The population within 6 miles of Alton is estimated to be around 80,000 to 100,000 people. This includes residents of Alton itself, nearby towns such as Bordon, Four Marks, Liphook, and New Alresford, as well as surrounding villages and rural areas. The Population living within Alton is estimated to be 20,000 residents.
The period-listed building benefits from a central position within Alton's bustling town centre, ensuring high footfall from residents and visitors alike. The area boasts a mix of independent shops, cafes, and national retailers, fostering a lively atmosphere and providing synergy for new businesses. Nearby attractions, including the Watercress Line heritage railway and Jane Austen’s house draw tourists throughout the year, adding to the potential customer base.
The end-terrace property has been awarded Grade II listing status and the freehold is set over three floors, (basement, ground and first floor), with a long leasehold residential flat on the first floor (Sold off), rear retail unit (sold off) and let ground and basement retail unit currently let on favourable terms to the front. The three units are held on various leases within the freehold and make up 22, Market Street, 22a Market Street, and 14 Market Square.
Excellent retail commercial investment with the potential of the investment being wrapped within a SIPP and yielding close to 8% at current income increasing by a minimum rent review to 8.22%.
The Freeholder manages, insures and recovers from the leaseholders by way of a service charge, the freeholder is also able to charge a management fee.
Property in Detail
22a Market Street
Two-bedroom residential unit with Kitchen, Reception Room stairs from Ground Floor to First Floor. Held on a 125 year lease from 2014, service charges are 55% of the general outgoings of the building.
14 Market Square
Ground & basement Retail unit currently let on a long lease who has intern let to a Tenant for a rent of £9,000 pa
22 Market Street
Ground and Basement Retail shop currently let out for a term of 7 years commencing June 2024 with rent reviews every 3 years (upward only) min 4% max 8% increases, Directors Personal Guarantee. 6 Week Rent deposit. Current Rent £11,856 pa. 35% share of Service Charges.
Location:
From a connectivity standpoint, the shop is superbly placed. Alton Railway Station is just 0.5 miles away, approximately a 10-minute walk, providing direct services to London Waterloo in under 1.5 hours. This proximity makes the town an attractive destination for day-trippers and commuters, further enhancing business opportunities.
For road access, Alton is well-connected via the A31, which links the town to major road networks, including the M3 and A3. Winchester and Guildford are within a 30-minute drive, while Farnham and Basingstoke are even closer. This strategic location offers easy access to a wider customer base across Hampshire and Surrey.
Population:
The population within 6 miles of Alton is estimated to be around 80,000 to 100,000 people. This includes residents of Alton itself, nearby towns such as Bordon, Four Marks, Liphook, and New Alresford, as well as surrounding villages and rural areas. The Population living within Alton is estimated to be 20,000 residents.
Energy Performance Certificates
EPC Rating GraphMarket Street, Alton, Hampshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Alton Station0.5 miles
- Bentley Station5.3 miles
Notes
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