From
£775,000
Property for saleHigh Street, Alton GU34
About this property
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. (9.68% giy on guide)
Auction Sale - 21/04/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Secure Co-operative Convenience Store Investment with Two Residential Maisonettes
Investment let at £75,000 per annum – Term Certain to December 2031 (No Breaks)
Description
Click here for virtual tour Flat 32D
Click here for virtual tour Flat 32E
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).
Location
The property is located on the North side of the High Street, close to the junction with Bakers Ally.
Alton Station an approx. 0.5 miles from the property.
Transport
Alton Station - National rail services
Tenancy
34D & 34E High Street
- Let to The Southern Co-operative Limited t/a Co-operative Food
- 15 year fr&I lease from 2016
- Expiry December 2031
- No tenant break options
- Co-terminus leases across both properties
- Overriding lease across entire building including residential accommodation
- Investment let at £75,000 p.a.
Accommodation
Ground Floor (Commercial): Approx. 3,260 sq ft
Flat 34E: Approx. 984 sq ft
Flat 34D: Approx. 965 sq ft
Total: Approx. 5,209 sq ft
Please refer to the floor plan
Mortgage calculator
£3,876 per month
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