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Lenten Street 2,475 SF 100% Leased Retail Building Alton GU34 1HG $874,938 ($353.51/SF) 7.72% Cap Rate
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
Bulk/Portfolio Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,475 SF
Year Built
1900
Price
$874,938
Price Per SF
$353.51
Cap Rate
7.72%
NOI
$67,505
Percent Leased
100%
Building Height
2 Stories
Amenities
- Bus Line
- Security System
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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Presented by
Lenten Street
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