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Café/Restaurant & Residential Investment, 8/8a High Street, Alton, GU34 1BN

2,635 Sq Ft / Leisure / Investment

For Sale

Available - Last updated: 25 April 2024

Established Café/Restaurant with separate, self-contained residential accommodation, for sale.

Location

Situated in a prominent town centre location and within 1/4 mile of mainline railway station (London Waterloo 1 hour).

Terms

Note - The residential accommodation is stylishly decorated to provide living room areas and kitchen on the first floor with three bedrooms and family bathroom on the second floor together with attic storage above. The vendors currently live in the residential accommodation and will either sell with vacant possession or consider taking an Assured Shorthold Tenancy leaseback.

Letting - The café/restaurant is let on a 25 year, proportionally full repairing and insuring lease from November 2022 at a rent of £35,000 per annum exclusive, subject to 5 yearly rent reviews. There is a tenant option to break at the end of the 5th year of the term, subject to 6 months minimum prior written notice. There is a 6 months rent deposit held under Deed.

Rates - Interested parties are advised to contact the rating authority, East Hampshire District Council.

EPC - Available on request.

Terms - The freehold is available for sale with the benefit of the existing café/restaurant letting and the residential accommodation potential to either let separately or occupy. Price guide on application.

Specification

  • Grade II Listed Building – attractive period features throughout
  • Neighbouring former Austin Bank, Jane Austin’s brother
  • Café rental income, £35,000 per annum exclusive
  • Separate 3/4 bedroom living accommodation (vacant possession)
  • Within 1/4 mile of mainline railway station (London Waterloo 1 hour)
  • Prominent town centre location

Accommodation Grid

sq ftsq m
8/8a, High StreetGround Floor Café/Restaurant1,06693.4
8/8a, High StreetCellar Storage29020.9
8/8a, High StreetFirst/Second Floor (with attic storage) 3/4 bedroom residential accommodation1,339124
8/8a, High StreetEnclosed, rear courtyard garden

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Available on application For Sale Freehold NA NA

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Contact agents

Chris Glanfield

Glanfield Holmlund

01420 730210



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