Caprinos Pizza, 34B High Street, Alton, Hampshire GU34 1BD

LOCATION

Alton is a thriving, historic North Hampshire town, situated at the entrance to the South Downs National Park, boasting an extensive range of national high street chain stores and unique, independent boutique local shops and restaurants.

There is short-stay free parking on the High Street spaces and longer stay, pay and display in a number of well positioned car parks with good accessibility to the shops.

PROPERTY DESCRIPTION

Prominent high street restaurant / take-away shop.

Access from the high street into a light and airy high quality dining area with circa 16 covers.

Behind the service counter is the commercial kitchen with large pizza ovens and extraction.

Well-appointed customer toilets.

The upper floor flat has been sold off on a long lease on a peppercorn rent.

To the rear of the property there is parking for 2 vehicles.

Total gross internal ground floor Area: 118.95 sq m (1280 sq ft).

TENURE

The property is available on the basis of a Freehold Investment Sale.

Lease Terms: 15 years
Years Left on Lease: 10 years 10 months
VAT Applicable: Yes

The property is let to Caprinos Pizza Ltd [with over 120 stores in the UK] for a term of 15 years from 25/06/ 2021 with a review on 25/06/31.

VAT

Will be charged on this transaction but can usually be reclaimed by the buyer.

Rateable Value
Current rateable value (1 April 2023 to present) £16,750.