MIXED USE INVESTMENT FOR SALE - ESTABLISHED CAFE/RESTAURANT, (Business NOT Affected), SEPARATE, SELF-CONTAINED RESIDENTAL ACCOMMODATION

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Overview

ID: #4456
Type: Investment
Contract: Freehold
Location: Alton

MIXED USE INVESTMENT FOR SALE

ESTABLISHED CAFE/RESTAURANT

(Business NOT Affected)

SEPARATE, SELF-CONTAINED RESIDENTIAL ACCOMMODATION

8/8a, High Street, Alton, Hampshire, GU34 1BN

  • Grade II Listed Building – attractive period features throughout
  • Neighbouring former Austin Bank, Jane Austin’s brother
  • Café rental income, £35,000 per annum exclusive
  • Separate 3/4 bedroom living accommodation (vacant possession)
  • Within 1/4 mile of mainline railway station (London Waterloo 1 hour)
  • Prominent town centre location

Accommodation

Ground Floor Café/Restaurant 1,006 sq ft 93.4 sq m
Cellar Storage 290 sq ft 20.9 sq m
First/Second Floor (with attic storage)                       3/4 bedroom residential accommodation 1,339 sq ft 124 sq m
Enclosed, rear courtyard garden

Note

The residential accommodation is stylishly decorated to provide living room areas and kitchen on the first floor with three bedrooms and family bathroom on the second floor together with attic storage above.

The vendors currently live in the residential accommodation and will either sell with vacant possession or consider taking an Assured Shorthold Tenancy leaseback.

Letting

The café/restaurant is let on a 25 year, proportionally full repairing and insuring lease from November 2022 at a rent of £35,000 per annum exclusive, subject to 5 yearly rent reviews.

There is a tenant option to break at the end of the 5th year of the term, subject to 6 months minimum prior written notice.  There is a 6 months rent deposit held under Deed.

Rates

Interested parties are advised to contact the rating authority, East Hampshire District Council.

EPC

Available on request.

Terms

The freehold is available for sale with the benefit of the existing café/restaurant letting and the residential accommodation potential to either let separately or occupy.  Price guide on application.

Viewing

Strictly by appointment with Glanfield Holmlund, Telephone 01420 544117, Mobile 07785 346709, 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.