MIXED RETAIL/RESIDENTIAL INVESTMENT COMPRISING RETAIL UNITS AND TWO SELF CONTAINED FLATS - FREEHOLD FOR SALE
Preliminary Marketing Information
MIXED RETAIL/RESIDENTIAL INVESTMENT
COMPRISING RETAIL UNITS AND TWO SELF CONTAINED FLATS
FREEHOLD FOR SALE
18-20 Market Street, Alton, Hampshire, GU34 1HA
- Dual frontage, Grade II listed building
- Frontages onto Market Street and Loes Alley/Market Square
- Letting to A2 use, care provider
- Potential letting of former A3, takeaway unit (currently vacant)
- Flats let on separate Assured Shorthold Tenancies
18-20 Market Street, Ground Floor
|Gross Frontage||33 ft 10 in||10.31 m|
|Internal Width||31 ft||9.45 m|
|Shop Depth||12 ft 6 in||3.71 m|
|Built Depth||19 ft 6 in||5.94 m|
|Sales Area||482 sq ft||44.77 sq m|
Let to a private individual, care provider t/a Melody Care on a 10 year term from May 3rd 2016. The lease provides for 5 yearly rent review and a tenant break option at the end of the 5th year. The current rent is £8,000 per annum exclusive with an increase in the second year to £10,000 per annum exclusive and, £12,000 per annum from the start of the third year. The lease is outside Security of Tenure Provision of the Landlord & Tenant Act.
Loes Alley/Market Square – Ground Floor
|Unit 1||225 sq ft||20.95 sq m|
|Unit 2||339 sq ft||31.49 sq m|
|564 sq ft||52.44 sq m|
Currently vacant, former A3 takeaway premises, arranged as interconnected units.
Loes Alley/Market Square – First and Second Floor
Two, self-contained two-bed flats, both let on Assured Shorthold Tenancies at £650 per calendar month each.
The investment is available Freehold with price guide on request.
Strictly by appointment through sole agents:
Glanfield Holmlund – Telephone: 01420 544117, email: email@example.com.