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Town Centre Retail Investment, 78a High Street, Alton, GU34 1EN

687 Sq Ft / Retail / Investment

For Sale - £300,000.00

Available - Last updated: 25 April 2024

Town centre retail investment.

Ground Floor Business Premises with s/c Flat Above.

Occupier Business not Affected.

Location

Within 1/2 mile of mainline train station (London Waterloo).

Accommodation

Ground Floor

Frontage - 11 ft 6 in

Internal Width - 15 ft 1 in

Built Depth - 59 ft

Total Net Internal Area - 687 sq ft

First Floor - Self-Contained Flat

Terms

The freehold investment is available with a guide price of £300,000.

Lease - The whole premises are let to Messrs Warren Powell Richards Ltd on the basis of a 10 year lease from 21 March 2021, due to run to 2031.  The current rent is £22,500 per annum exclusive, subject to 5 yearly rent review.  There is a tenant option to break, subject to 6 months prior written notice at March 2026.

There is permission for the tenant to let the s/c flat separately, on the basis of an Assured Shorthold Tenancy.

Rates - Interested parties are advised to contact East Hampshire District Council.

EPC - An Energy Performance Certificate has been undertaken and is available on request.  The rating is B (46) on a scale from A to G.

Specification

  • Let to Warren Powell Richards Ltd (Estate Agents)
  • 10 Year Lease from 21 March 2021
  • £22,500 per annum exclusive rent, 5 yearly rent review
  • EPC – B Rated (42)
  • Outside Security of Tenure Provisions of the Landlord and Tenant Act

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
FREEHOLD INVESTMENT For Sale Freehold £300,000.00 NA

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Contact agents

Chris Glanfield

Glanfield Holmlund

01420 730210



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