MIXED USE, FREEHOLD INVESTMENT FOR SALE, HIGH STREET, RETAIL PARADE WITH RESIDENTIAL UPPER FLOORS

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Overview

ID: #3170
Type: Investment
Contract: Freehold
Location: Alton

MIXED USE, FREEHOLD INVESTMENT FOR SALE

HIGH STREET, RETAIL PARADE WITH RESIDENTIAL UPPER FLOORS

32 – 34 High Street, Alton, Hampshire, GU34 1BN

 

  • Town centre, retail parade of 5 units
  • Principle tenant, Southern Co-Operative Ltd
  • Five, self-contained maisonettes on first/second floor
  • Substantial rear yard with site totalling approximately 0.4 acres
  • Within 1/2 mile of mainline station, easy access to A31
  • Close proximity to multiples including Costa Coffee, Nat West, Savers

Tenancy

 

Location Tenant Lease Begins/
Term
Next Review/
Pattern
Next Break/
Type
Lease Expiry Rent pa.  (£) ERV (£) Floor Areas
Sqft, (Sqm)
32-34b High Street Tayfun Cinar (T7/005/002) 24/06/2010 23/06/2020 32,000 1,280.4
(118.95)
32-34d High Street Southern Co-Operative Limited (T7/005/004) 30/06/2010   21 Yrs
5 Mths
14Days
14/12/2021 14/12/2026 Tenant 13/12/2031 34,500 1,079.44
(100.28)
32a -34a VACANT 1,049.4
(97.49)
32a/34e High Street Mrs A M Cleaver (T7/005/006) 24/06/1980 100 Yrs 22/06/2080 10 0
32c-34c Toni & Guy (South East) Limited (T7/005/009) 18/02/2015    10 Yrs 18/02/2020 17/02/2020 Tenant 17/02/2025 32,000 915.28
(85.03)
32e-34e High Street Southern Co-Operative Limited (T7/005/007) 14/12/2001    30 Yrs 14/12/2021 14/12/2026 Tenant 13/12/2031 40,500 1,831
(170.1)
Totals for Alton – High Street £ 139,010   6,155.52
(571.85)

 

Note

34a High Street is currently vacant, being separately marketed in respect of the opportunity to take a new lease.

Rates

Interested parties are advised to make their own enquiries of the Rating Authority, East Hampshire District Council 01730 266551.

EPC

Energy Performance Certification (EPC) is available on request.

Terms

The site and premises are available for sale Freehold.  Price guide on application.

Viewing

Strictly by appointment through Sole Agent:-

Glanfield Holmlund

glanfield.holmlund@talk21.com

01420 544117

Map

Map available on request
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.