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22-28 High Street

Commercial property for sale in a portfolio

£1,100,000 928 to 948 sq ft

London Clancy
Contact name

Russell Ware - London Clancy

Full address
Alton – Alton
Property type
Commercial property for sale in a portfolio
Asking price
£1,100,000
Available space range
928 to 948 sq ft
Brochure
Download the brochure

3 portfolio properties for sale

Portfolio property 3353952 - Retail Available

9,633 sq ft, £114.19 per sq ft

Address 24-26 High St, Alton, Hampshire, GU34 1BN, GB
Property Type General Retail
Size 9,633 sq ft
Price £1,100,000
Price per unit £114.19 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 8.95%
Use Retail
Financial type Actual
Financial year 2018
Net operating income £98,400

Notes

  • The property comprises a four storey mixed retail and residential development located on the high street.
  • The building underwent a complete modernisation and refurbishment when the present owners developed the first and second floor offices into 14 one and two bedroom apartments completed in 2015 and by adding another storey.
  • 28 high street is a substantial retail unit with first floor ancillary, staff welfare and wcs.
  • Servicing is via tail gate loading to the rear with a goods lift.
  • Two allocated car spaces are provided.
  • 26 high street, soon to be stones café comprises all ground floor with a3 café/coffee shop use.
  • The premises have been comprehensively refurbished and extended into the rear service yard.
  • Opening is planned for early august.
  • One allocated car space is provided.
  • No.
  • 26 was sold on a 999 year lease (refer to tenancy schedule).
  • 24 high street comprises an all ground floor retail unit with part ancillary.
  • The unit was comprehensively modernised in 2014.
  • One allocated car space is provided.
  • The development benefits from a substantial rear service yard accessible from vicarage hill which provides loading/servicing and car parking for the commercial and residential units.
  • The agents are seeking offers for the freehold interest in excess of £1,200,000 subject to contract and subject to and with the benefit of the existing lease.
  • This shows a net initial yield of 8.
  • 20% after allowing for costs of 6.
  • 5% rising to 7.
  • 14% following the fixed rental uplift on 15th june, 2020.

Portfolio property 3353952 - Retail Available

9,633 sq ft, £114.19 per sq ft

Address 24-26 High St, Alton, Hampshire, GU34 1BN, GB
Property Type General Retail
Size 9,633 sq ft
Price £1,100,000
Price per unit £114.19 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 8.95%
Use Retail
Financial type Actual
Financial year 2018
Net operating income £98,400

Notes

  • The property comprises a four storey mixed retail and residential development located on the high street.
  • The building underwent a complete modernisation and refurbishment when the present owners developed the first and second floor offices into 14 one and two bedroom apartments completed in 2015 and by adding another storey.
  • 28 high street is a substantial retail unit with first floor ancillary, staff welfare and wcs.
  • Servicing is via tail gate loading to the rear with a goods lift.
  • Two allocated car spaces are provided.
  • 26 high street, soon to be stones café comprises all ground floor with a3 café/coffee shop use.
  • The premises have been comprehensively refurbished and extended into the rear service yard.
  • Opening is planned for early august.
  • One allocated car space is provided.
  • No.
  • 26 was sold on a 999 year lease (refer to tenancy schedule).
  • 24 high street comprises an all ground floor retail unit with part ancillary.
  • The unit was comprehensively modernised in 2014.
  • One allocated car space is provided.
  • The development benefits from a substantial rear service yard accessible from vicarage hill which provides loading/servicing and car parking for the commercial and residential units.
  • The agents are seeking offers for the freehold interest in excess of £1,200,000 subject to contract and subject to and with the benefit of the existing lease.
  • This shows a net initial yield of 8.
  • 20% after allowing for costs of 6.
  • 5% rising to 7.
  • 14% following the fixed rental uplift on 15th june, 2020.

Portfolio property 3353952 Available

9,633 sq ft, £114.19 per sq ft

Address 28 High St, Alton, Hampshire, GU34 1BN, GB
Property Type General Retail
Size 9,633 sq ft
Price £1,100,000
Price per unit £114.19 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 8.95%
Financial type Actual
Financial year 2018
Net operating income £98,400

Notes

  • The property comprises a four storey mixed retail and residential development located on the high street.
  • The building underwent a complete modernisation and refurbishment when the present owners developed the first and second floor offices into 14 one and two bedroom apartments completed in 2015 and by adding another storey.
  • 28 high street is a substantial retail unit with first floor ancillary, staff welfare and wcs.
  • Servicing is via tail gate loading to the rear with a goods lift.
  • Two allocated car spaces are provided.
  • 26 high street, soon to be stones café comprises all ground floor with a3 café/coffee shop use.
  • The premises have been comprehensively refurbished and extended into the rear service yard.
  • Opening is planned for early august.
  • One allocated car space is provided.
  • No.
  • 26 was sold on a 999 year lease (refer to tenancy schedule).
  • 24 high street comprises an all ground floor retail unit with part ancillary.
  • The unit was comprehensively modernised in 2014.
  • One allocated car space is provided.
  • The development benefits from a substantial rear service yard accessible from vicarage hill which provides loading/servicing and car parking for the commercial and residential units.
  • The agents are seeking offers for the freehold interest in excess of £1,200,000 subject to contract and subject to and with the benefit of the existing lease.
  • This shows a net initial yield of 8.
  • 20% after allowing for costs of 6.
  • 5% rising to 7.
  • 14% following the fixed rental uplift on 15th june, 2020.

Property description

Attachments

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This commercial property for sale in a portfolio is located in Alton.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to London Clancy. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact London Clancy for full details and further information.