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34D-34E High St 3,260 sq ft Retail Property Alton GU34 1BD £775,000 (£237.73/sq ft)
Investment Highlights
- Term certain to December 2031 with no tenant break options.
- An approx. Total = 5,209 sq ft.
- Investment let at £75,000 p.a. (9.68% GIY on guide).
- 15 year FR&I lease from 2016.
- Town centre position &established trading location nearby national occupiers.
- Double fronted convenience store.
- Asset management and break-up potential (subject to consents).
- Let to The Southern Co-operative Limited (convenience store operator).
- 2 self-contained 3 bedroom maisonettes arranged over first and second floors.
- 8 week completion available.
Executive Summary
Lot 219 is available by way of Savills Online auction 22nd April 2026
A prominent town centre mixed-use freehold investment comprising a double fronted convenience store let to The Southern Co-operative Limited (ground floor units known as 34D & 34E) together with two self-contained three-bedroom maisonettes above (known as 32D & 32E) arranged over the first and second floors. The property is fully let on co-terminus leases with an overriding lease structure across the entire building, producing a total income of £75,000 per annum. The lease is for a term of 15 years from 2016 expiring December 2031, with no tenant break options. The commercial unit benefits from both front and rear access, whilst the residential accommodation can also be accessed from the front (street access) and rear. The configuration of the property offers future asset management potential, including the ability to separate the residential accommodation and enhance income (subject to necessary consents).
A prominent town centre mixed-use freehold investment comprising a double fronted convenience store let to The Southern Co-operative Limited (ground floor units known as 34D & 34E) together with two self-contained three-bedroom maisonettes above (known as 32D & 32E) arranged over the first and second floors. The property is fully let on co-terminus leases with an overriding lease structure across the entire building, producing a total income of £75,000 per annum. The lease is for a term of 15 years from 2016 expiring December 2031, with no tenant break options. The commercial unit benefits from both front and rear access, whilst the residential accommodation can also be accessed from the front (street access) and rear. The configuration of the property offers future asset management potential, including the ability to separate the residential accommodation and enhance income (subject to necessary consents).
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,260 sq ft
Costar Property Class
C
Year Built
1968
Price
£775,000
Price per sq ft
£237.73
Tenancy
Single
Number of Floors
1
Plot ratio
0.53
Total Plot Size
0.14 ac
Frontage
34 ft on High Street
Amenities
- 24 Hour Access
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Retailer
- 1,747 sq ft
- -
- Mar 2047
One of the world’s largest consumer co-operatives, owned by millions of members. They're the UK’s fifth biggest food retailer with more than 2,500 local, convenience and medium-sized stores.
- Southern Co-operatives
- -
- 349 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
Retailer | 1,747 sq ft | - | Mar 2047 | ||
| Southern Co-operatives | - | 349 sq ft | - | - |
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Nearby Major Retailers
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34D-34E High St
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