FREEHOLD INVESTMENT FOR SALE - FULLY LET, Restaurant with Living Accommodation (Occupier Business Unaffected)
|Area:||1,254 sq ft plus 5 bed accommodation abovesq ft|
FREEHOLD INVESTMENT FOR SALE – FULLY LET
Restaurant with Living Accommodation
(Occupier Business Unaffected)
7 Normandy Street, Alton, Hampshire, GU34 1DD
- Let to popular Thai Restaurant t/a Thai Boutique
- 20 year lease from 17 May 2011
- Ground floor restaurant with 5 bed self contained living accommodation above
- £28,600 per annum exclusive income, 5 yearly rent review
- Town centre location
- Easy access to mainline station and A31
- Net Initial Yield approximately 6%
(measured in accordance with RICS Code of Measuring Practice)
|Net Frontage||18′||5.5 m|
|Internal Width (max)||19′ 6″||5.9 m|
|Restaurant Depth||54′ 8″||16.7 m|
|Restaurant Area||951 sq ft||88.4 sq m|
|Kitchen||258 sq ft||24 sq m|
|Store/Lobby||45 sq ft||4.2 sq m|
|Total||1,254 sq ft||116.6 sq m|
|Cellar||415 sq ft||38.6 sq m|
Living Accommodation: Sitting Room, Kitchen, 2 Shower Rooms, 5 Bedrooms
Interested parties are advised to contact the Rating Authority, East Hampshire District Council.
An Energy Performance Certificate has been undertaken as is available on request. The Rating is D.
The premises are let on a 20 year lease originally to Monty’s Bistro Ltd, as assigned to the Thai Boutique. The current rent is £28,600 per annum exclusive, subject to 5 yearly Rent Review.
The tenant occupier business is not affected by the freehold investment sale.
The accommodation is available Freehold. Price Guide £450,000.
Strictly by appointment with Glanfield Holmlund, Telephone 01420 544117 or Email: firstname.lastname@example.org