34D & 34E High Street, Alton
Savills flat

34D & 34E High Street, Alton, Hampshire, GU34 1BD

£850,000 Score 0.0/10

Description

Let to The Southern Co-operative Limited (convenience store operator). Term certain to December 2031 with no tenant break options.. 15 year FR&I lease from 2016. Double fronted convenience store. Two self-contained three-bedroom maisonettes arranged over first and second floors.. Ground floor shop an approx. 3, 260 sq ft, Flat 32E an approx. 984 sq ft & Flat 32D an approx. 965 sq ft (Total = 5, 209 sq ft). Prominent town centre position and established trading location with nearby national occupiers including Boots, Costa, NatWest and Domino’s. Asset management and break-up potential (subject to consents). 8 week completion available. Investment let at £75, 000 p.a. (8.82% GIY on guide)

Risks

  • 276% above market avg

Lot details

  • Let to The Southern Co-operative Limited (convenience store operator)
  • Term certain to December 2031 with no tenant break options.
  • 15 year FR&I lease from 2016
  • Double fronted convenience store
  • Two self-contained three-bedroom maisonettes arranged over first and second floors.
  • Ground floor shop an approx. 3, 260 sq ft, Flat 32E an approx. 984 sq ft & Flat 32D an approx. 965 sq ft (Total = 5, 209 sq ft)

Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.