PRIME, HIGH STREET INVESTMENT, FREEHOLD FOR SALE
(occupier businesses not affected)
68-70 High Street, Alton, Hampshire, GU34 1ET
- Prime, Town Centre location - close proximity to various multiples
- Over 50 ft High Street frontage and return into Westbrook Walk
- Current annual rent totalling £58,000 per annum exclusive with rental growth potential
- Rear vehicular access
- Parking
- Strong tenant covenants/corporate ownerships
- Within a mile of Alton mainline station (London Waterloo 1 hour)
- Easy access to main A31
Accommodation
68 High Street - Sales Area: 1,344 sq ft (125 sq m).
70 High Street - Sales Area: 750 sq ft (70 sq m).
Rear vehicular servicing and parking via Market Street.
Leases
68 High Street is let to Leal Health Care Limited t/a Wellbeing Pharmacy with Parent Company Wellbeing (United Kingdom) Limited. The lease is for a 15 year term from January 2022 at a current rent of £33,000 per annum subject to a 5 yearly rent review (2027). There is a tenant option to break in January 2032.
70 High Street is let to Charters Estate Agents, part of Lomond Letting Property Limited. The lease is for a 10 year term from October 2017 at a current rent of £25,000 per annum exclusive, 5 year rent review.
Note
The tenant businesses are not affected.
Rates
Interested parties are advised to contact the Rating Authority, East Hampshire District Council.
EPC
Energy Performance Certificates are available on request and are as follows:
68 High Street - Rating of C(68) on a scale from A to G.
70 High Street - Rating of B(42) on a scale from A to G.
Anti Money Laundering Regulations (AML)
In order to comply with Anti-Money Laundering Regulations 2017 (as amended) and the Proceeds of Crime Act 2002, Glanfield Holmlund are required to identify all prospective purchasers and tenants.
Terms
The freehold is available on the basis that the two upper floors, (3 self contained apartments) are to be retained by the vendor on a long leasehold at peppercorn rent.
Price guide on application.
Viewing
Strictly by appointment with Glanfield Holmlund, Tel: 01420 544117, Mob: 07785 346709, Email: glanfield.holmlund@talk21.com.