5 UNIT, RETAIL WALKWAY, FREEHOLD INVESTMENT FOR SALE (businesses not affected)
Overview
| ID: | #5787 |
|---|---|
| Type: | Investment |
| Contract: | Freehold |
| Location: | Alton |
5 UNIT, RETAIL WALKWAY
FREEHOLD INVESTMENT FOR SALE (businesses not affected)
Units 1-5 John Trimmer Walk, High Street, Alton, GU34 1AB
- Town Centre location adjacent to Iceland Supermarket
- Private walkway, linking High Street with large public car park
- High Street frontage/access (Unit 1)
- Self contained units
- Individually qualifying 100% Small Business Rate Relief (subject to occupier status)
- Flexible Use potential, Class E Use
- Within a mile of mainline station (London Waterloo 1 hour)
- Easy access to main A31
Tenancy Schedule
| UNIT | TENANT | LEASE | RENT (pax) | RENT REVIEW | AREA sq.ft (sq. m) |
| 1 | ? being assigned (snack bar) | 10 years from July 2022 | £12,500 | 3 yearly | 338 (31.4) |
| 2 | T. Aplegarth
(print shop) |
5 years from Oct 2020 (3 year break).
New 5 year lease agreed. |
£9,000 | – | 220 (20.4) |
| 3 | R. Alam & R. Kakar (phone shop) | 10 years from May 2022 | £7,500 | 5 yearly | 239 (22.2) |
| 4 | Under offer | £8,500 (pending) | 200 (18.6) | ||
| 5 | Alley Cats
(beauty salon) |
5 years from April 2021
New 5 year term agreed. |
£10,500 | – | 351 (32.6) |
| Total Rent | £39,500 (£48,000) |
Note
The occupier businesses are not affected.
EPC
Energy performance certificates are available on request.
The units have a rating ranging from B to C (on a scale from A to G).
Rates
Interested parties are advised to contact the Rating Authority, EHDC. The individual units qualify for 100% Small Business Rate Relief (subject to occupier status).
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 of the units (all ground floor) is available with price guide on application.
The vendor is retaining 2 self-contained flats situated on the first floors, on the basis of a long lease at peppercorn rent.
Viewing
Strictly by appointment with Glanfield Holmlund, Tel: 01420 544117, Mob: 07785 346709, Email: glanfield.holmlund@talk21.com.
