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Town Centre Freehold Investment, 7 Normandy Street, Alton, GU34 1DD
1,254 Sq Ft / Other / Mixed Use
Sold - Last updated: 08 June 2023
FREEHOLD INVESTMENT FOR SALE – FULLY LET
Restaurant with Living Accommodation
(Occupier Business Unaffected)
- Let to popular Thai Restaurant t/a Thai Boutique
- 20 year lease from 17 May 2011
- Ground floor restaurant with 5 bed self contained living accommodation above
- £28,600 per annum exclusive income, 5 yearly rent review
- Town centre location
- Easy access to mainline station and A31
- Net Initial Yield approximately 6%
Location
Town Centre Location
Accommodation
Ground Floor: 1,254 sq ft Restaurant
First and Second Floor: Living Accommodation: Sitting Room, Kitchen, 2 Shower Rooms, 5 Bedrooms
Terms
The accommodation is available Freehold. Price Guide £450,000.
Specification
Rates
Interested parties are advised to contact the Rating Authority, East Hampshire District Council.
EPC
An Energy Performance Certificate has been undertaken as is available on request. The Rating is D.
Lease
The premises are let on a 20 year lease originally to Monty’s Bistro Ltd, as assigned to the Thai Boutique. The current rent is £28,600 per annum exclusive, subject to 5 yearly Rent Review.
Note
The tenant occupier business is not affected by the freehold investment sale.
Accommodation Grid
| | sq ft | sq m |
|---|
(measured in accordance with RICS Code of Measuring Practice) | GROUND FLOOR | | | | Net Frontage | 18′ | 5.5 m | | Internal Width (max) | 19′ 6″ | 5.9 m | | Restaurant Depth | 54′ 8″ | 16.7 m | | Restaurant Area | 951 sq ft | 88.4 sq m | | Kitchen | 258 sq ft | 24 sq m | | Store/Lobby | 45 sq ft | 4.2 sq m | | Total | 1,254 sq ft | 116.6 sq m | | Cellar | 415 sq ft | 38.6 sq m | First/Second Floor | | | |
Living Accommodation: Sitting Room, Kitchen, 2 Shower Rooms, 5 Bedrooms | | | |
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