FREEHOLD INVESTMENT OPPORTUNITY FOR SALE, MIXED USE WITH DEVELOPMENT POTENTIALS (All Occupier Businesses Unaffected)
Overview
| ID: | #4722 |
|---|---|
| Type: | Investment |
| Contract: | Freehold |
| Location: | Alton |
FREEHOLD INVESTMENT OPPORTUNITY FOR SALE
MIXED USE WITH DEVELOPMENT POTENTIALS
(All Occupier Businesses Unaffected)
15a, 17 and 19 High Street, Alton, GU34 1AW
- Current rental income totalling £128,000 per annum exclusive
- Well established tenant businesses – including Subway, Dominos, Oxfam
- Prominent, town centre location with substantial private car park
- Permitted development for two, 1-bed residential units
- Additional development potential (subject to planning)
- Partly Grade II Listed premises (19 High Street)
Tenancy Schedule
| ADDRESS | SQ FT (SQ M) | TENANT | LEASE DETAILS | NOTES | RENT (PAX) |
| 15a (Ground Floor) | 1,031 (95.8) | Subway Realty Ltd | 15 years from April 2023 | 5 yearly Rent Reviews, Tenant Break Option at year 5 | £32,000 |
| 15a (Rear Ground Floor) | 824 (76.6) | Vacant | Consent to develop two residential units | ||
| 15b/17a (First Floor and Second Floor) | 2,529 (235) | Bubbles Online Services Ltd | 5 year lease from 8 January 2020 | Self-contained offices | £37,500 |
| 17 (Ground Floor) | 947 (88) | DP Realty t/a Dominos | 20 year lease from 11 January 2008 | Rent Review – January 2023 | £28,500 |
| 19 (Ground Floor) | 1,130 (105) | Oxfam | Holding over | Lease Renewal agreed for 5 years from date renewal completed. | £30,000 |
| 19a (First Floor and Second Floor) | 992 (92.2) | Vacant | Self-contained offices with development potential | ||
| CURRENT RENT | £128,000 |
Floor Plans (15a, Existing)
https://glanfieldholmlund.co.uk/wp-content/uploads/2023/10/EXISTING_GROUND_FLOOR-1261863.pdf
Floor Plans (15a, Proposed)
https://glanfieldholmlund.co.uk/wp-content/uploads/2023/10/PROPOSED_GROUND_FLOOR-1261862.pdf
Location Plan
https://glanfieldholmlund.co.uk/wp-content/uploads/2023/10/LOCATION_PLAN-1262335.pdf
Note
The occupier businesses are not affected by the freehold sale.
EPC
Details are available on request. The Rating for 15a High Street is B (45) and the Rating for 17 High Street is B (46).
Terms
The freehold investment is available with offers being invited in excess of £1,500,000.
Viewing
Strictly by appointment with Glanfield Holmlund, Tel: 01420 544117, Mob: 07785 346709,
Email: glanfield.holmlund@talk21.com
or alternatively with joint agent: Jordan Oldfield, Kingsbury Stone, email: jordan.oldfield@kingsburystone.co.uk, Tel: 07736 177891
