34D & 34E High Street Alton, Alton
Size
5,209
Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
Key features
- Term certain to December 2031 with no tenant break options
- Double fronted convenience store
- An approx. Total = 5,209 sq ft
- Asset management and break-up potential (subject to consents)
- Investment let at £75,000 p.a. (9.68% GIY on guide)
- Let to The Southern Co-operative Limited (convenience store operator)
- 15 year FR&I lease from 2016
- 2 self-contained 3 bedroom maisonettes arranged over first and second floors.
- Town centre position &established trading location nearby national occupiers
- 8 week completion available
Description
The property is fully let on co-terminus leases with an overriding lease structure across the entire building, producing a total income of £75,000 per annum. The lease is for a term of 15 years from 2016 expiring December 2031, with no tenant break options.
The commercial unit benefits from both front and rear access, whilst the residential accommodation can also be accessed from the front (street access) and rear.
The configuration of the property offers future asset management potential, including the ability to separate the residential accommodation and enhance income (subject to necessary consents).
The property is located on the North side of the High Street, close to the junction with Bakers Ally.
Alton Station an approx. 0.5 miles from the property.
Transport
Alton Station - National rail services
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
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