Caprinos Pizza, 34B High Street, Alton, Hampshire GU34 1BD
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Tenure
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- Primary use
- Restaurant
No floor / site plan
Key features
- Freehold Investment Sale - Pizza Restaurant
- Multiple operator tenant (120 sites) with high covenant strength
- Prominent High Street location
- 16 cover high quality dining area
- Commercial pizza kitchen
- High footfall area of Alton
- 2 reserved car parking spaces
Description
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.
Current rent £20,000 p.a.
Plus service charge and insurance rent.
Tenant fully repairing and insuring.
Date of commencement 25th June 2021.
Open market rent review dates: 25th June 2026 and 25th June 2031.
Tenant option to break (with 6 months' notice) 25th June 2031.
The property is let to Caprinos Pizza Ltd [with over 120 stores in the UK] with two personal guarantors.
VAT Applicable: Yes
Will be charged on this transaction but can usually be reclaimed by the buyer.
Rateable Value
Current rateable value (1 April 2026 to present) £22,250.
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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Brochure
About Sprosen Ltd, Weston-Super-Mare
We are a leading specialist advisor for buying, letting and selling businesses and commercial properties in our sectors - hotels, pubs, restaurants, retail and leisure.
If you are looking to buy or sell a business in our specialist sectors - you will find that our personalised service is focused on helping you achieve your ambitions.
We have been established for 17 years and we look forward to being of help in the future.
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