Lenten Street, Alton, Hampshire, GU34

Looking to invest in Alton, Hampshire? Mixed-use freehold property with a 8.27% net yield, comprising two shops and three apartments, close to the Market Square and High Street!


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. 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.

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 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 psf and an attractive 8.27% net initial yield, based on £56k of income (from 1st January 2026), 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.