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Lenten Street 2,475 sq ft 100% Let Retail Property Alton GU34 1HG £650,000 (£262.63/sq ft) 7.72% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold investment sale
- Within Alton Conservation Area
- Mixed-use (commercial plus residential) opportunity
EXECUTIVE SUMMARY
• Freehold investment sale
• Guide price – offers in the region of £650,000 stc
• Rental income - £50,150 pa
• Net initial yield c. 7.42%
• Capital value £262 psf
• Period building comprising two shops and three residential units
• NIA of 230 Sq. M / 2,475 Sq. Ft
• Potential asset management opportunity
• Within Alton Conservation Area
• Half a mile from mainline railway station
• Opposite Market Square and 160m from High Street
• 10 miles from Farnham, 12 miles from Basingstoke, 17 miles from Winchester
• No VAT payable
• Guide price – offers in the region of £650,000 stc
• Rental income - £50,150 pa
• Net initial yield c. 7.42%
• Capital value £262 psf
• Period building comprising two shops and three residential units
• NIA of 230 Sq. M / 2,475 Sq. Ft
• Potential asset management opportunity
• Within Alton Conservation Area
• Half a mile from mainline railway station
• Opposite Market Square and 160m from High Street
• 10 miles from Farnham, 12 miles from Basingstoke, 17 miles from Winchester
• No VAT payable
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,475 sq ft
Year Built
1900
Price
£650,000
Price per sq ft
£262.63
Yield
7.72%
NOI
£50,150
Occupancy Rate
100%
Number of Floors
2
AMENITIES
- Bus Route
- Security System
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NEARBY MAJOR RETAILERS
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Lenten Street
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