Lenten Street, Alton, Hampshire, GU34
£262.63 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,475 sq ft
230 sq m
- SECTOR
High street retail property for sale
Key features
- Freehold investment sale
- Guide price - OIRO £650,000
- Existing rental income - £38,150 pa
- Reversionary rental income - £51,350 pa
- Mixed-use (commercial plus residential) opportunity
- Two shops, both let
- Three residential units, two let one available
- NIA of 230 Sq. M / 2,475 Sq. Ft
- Potential asset management opportunity
- Within Alton Conservation Area
Description
We are appointed as sole agents to dispose of a mixed-use freehold investment in Alton, Hampshire. The building appears to be of original design and is of brick elevations under a pitched and tiled roof.
It comprises two ground floor retail units, both of which front Lenten Street and enjoy good visibility. One is occupied by the Alton Clock Shop who have been in occupation for many years, while the second unit will be occupied from 1st January 2026 by a retailer on an initial 12-month licence. Also owned within the freehold title are two apartments on the first floor of the main building (a 1-bed plus a 2-bed), along with the Old Forge to the rear, which is a detached 1-bed conversion property and currently on the market for rent.
We believe there may be scope to improve the rental income on the residential element in the future, based on the existing rent levels and strength of tenant demand.
ACCOMMODATION
We have identified the following approximate areas:
7 Lenten Street: 39 sq m / 419 sq ft
9 Lenten Street: 43 sq m / 462
Flat 1, 5 Lenten Street: 38 sq m / 409 sq ft
Flat 2, 5 Lenten Street: 45 sq m / 484 sq ft
The Old Forge / 5a Lenten Street: 65 sq m / 699 sq ft
TENURE
We are instructed to seek offers for the freehold interest in Title Number HP560087 in the region of £650,000, subject to contract and to include any subsisting leases. This equates to a capital value of £262 after standard purchaser’s costs.
LEGAL COSTS & VAT
Each party is expected to bear their own legal costs in this transaction. The property is not elected for VAT purposes.
EPC RATINGS
7 Lenten Street: C (67)
9 Lenten Street: B (36)
Flat 1, 5 Lenten Street: E (47)
Flat 2, 5 Lenten Street: E (47)
The Old Forge / 5a Lenten Street: D (56)
RATEABLE VALUE / COUNCIL TAX
Online enquiry via the Valuation Office Agency indicates a rateable value of £5,100 and £4,700 for the respective shops and the residential units are in Council Tax Band B.
VIEWINGS
Viewings strictly by appointment with sole agents Trinity Rose Commercial on . No approach to the current occupiers is permitted.
Brochures
Lenten Street, Alton, Hampshire, GU34
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Alton Station0.5 miles
- Bentley Station5.3 miles
About Trinity Rose Commercial, Chandler's Ford
First Floor, Trinity House, 123 Winchester Road, Chandler's Ford, Hampshire, SO53 2DRNotes
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