FREEHOLD INVESTMENT FOR SALE, Prime Retail Unit with Separate Flat Above

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Overview

ID: #1635
Type: Investment
Contract: Freehold
Location: Alton

FREEHOLD INVESTMENT FOR SALE

Prime Retail Unit with Separate Flat Above

54 High Street, Alton, Hampshire, GU34 1ET

  • Prime, High Street  location neighbouring Boots and Greggs
  • Grade II Listed Building, within Conservation Area
  • Ground floor retail let to independent Greengrocers
  • Self-contained flat let on Assured Shorthold Tenancy
  • Opposite Town Centre bus stops
  • Currently producing total annual rent of £31,600

Ground Floor Retail

Frontage 19 ft 13 in 5.9 m
Internal Width 15 ft  6 in 4.7 m
Sales Area 837 sq ft 77.8 sq m
Ancillary 381 sq ft 35.4 sq m

Let to an independent greengrocer on a 10 year lease from 1st November 2009 at a current rent of £25,000 per annum exclusive. The lease provided for a rent review at the 5th anniversary and a tenant option to break at the end of the 5th year.  The lease is Outside Security of Tenure Provision of the Landlord & Tenant Act.

First & Second Floor Residential

Self-contained first & second floor flat comprising two bedrooms, sitting room, kitchen and shower room with an external roof terrace.  Let on an Assured Shorthold Tenancy at a current rent of £550 per calendar month.

Terms

The investment is available on a freehold basis with guide price on application.

Viewing

Strictly by appointment with sole agents:- Glanfield Holmlund,  tel: 01420 544117     email: glanfield.holmlund@talk21.com

Map

Map available on request
Misrepresentation act 1967: Whilst all the information in these particulars is believed to be correct neither the agents nor their clients guarantee its accuracy nor is it intended to form part of any contract. The areas quoted are approximate.
Finance act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lesees must satisfy themselves as to the incidence of VAT in respect to any transaction.