FREEHOLD INVESTMENT FOR SALE (Occupier Business NOT Affected), Long Standing Ground Floor Tenant with Potential for the Upper Floors

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Overview

ID: #5231
Type: Investment
Contract: Freehold
Location: Alresford

FREEHOLD INVESTMENT FOR SALE

(Occupier Business NOT Affected)

Long Standing Ground Floor Tenant

with Potential for the Upper Floors

Bay Tree House, 26 West Street, Alresford, Hampshire, SO24 9AT

  • Grade II Listed Building in prominent trading position
  • Current income of £30,000 per annum exclusive with income growth potential
  • Letting to Rawlings & Son (Opticians) Ltd (Ground and Basement only)
  • Rear vehicular access with rear garden, garage and parking
  • Centrally located in the heart of Alresford
  • First and second floors vacant with potential for residential conversion

Accommodation

(Net internal areas measured in accordance with RICS Code of Measuring Practice)
Basement 230 sq ft 21.4 sq m Rawlings Opticians
Ground Floor 780 sq ft 72.5 sq m Rawlings Opticians
First Floor 800 sq ft 74.3 sq m Vacant
Second Floor 300 sq ft 27.9 sq m Vacant
Total 2110 sq ft 196.1 sq m

Outside

Rear Garden, Garage and Parking.

Rates

Interested parties are advised to contact the Rating Authority, Winchester City Council.

Lease

The Ground Floor and Basement are let to Messrs Rawlings & Sons (Opticians) Ltd, a long established, successful optician business.  The lease is for a 10 year term from November 2024, at £30,000 per annum exclusive, subject to 5 year rent review and with a tenant option to break at the end of the 6th year.

The First and Second Floors are currently vacant, former offices.  Subject to planning, with ability to create self-contained access, there is residential conversion potential.

Note

The tenant business is unaffected by the opportunity to acquire the freehold interest.

Terms

The freehold is available for purchase with price guide on application.

Viewing

Strictly by appointment with Glanfield Holmlund, Tel: 01420 544117, Mob: 07785346709, Email: glanfield.holmlund@talk21.com

 

Map

Map available on request

Enquire Now

Cuddeford House, 13 Market Street
Alton, Hampshire, GU34 1HA
glanfield.holmlund@talk21.com
www.glanfieldholmlund.co.uk
Tel: 01420 544 117
Fax: 01420 202030
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.
Anti Money Laundering: To comply with Anti Money Laundering Regulations, Glanfield Holmlund undertake ID checks for all successful purchasers and tenants where legislations require us to do so.