June 2023: Wednesday 21 June 2023 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Investment let at £20,000 p.a. (10% GIY on guide price)
    • Ground floor let to Caprinos Pizza Ltd on a 15 year lease until 24th June 2036
    • Ground floor comprising accommodation totalling approximately 118.95 sq m (1,280 sq ft)
    • Right to use 2 Car Parking Spaces (refer to legal pack)
    • Well established location within a popular Hampshire Market Town
    • Nearby occupiers include Costa Coffee, Boots the Chemist and Co-op Food
    • 8 week completion

    Description

    The property comprises a three storey building arranged as a ground floor shop with a three bed maisonette on first and second floors which has been sold off on a long lease.

    Additional information

    Tenure

    Freehold.

    The Upper floor flat has been sold off on a long lease (999 years from 01/03/2021) Peppercorn rent


    Accommodation

    Please note that the approximate floor areas have been provided by the client and the property has not been inspected by Savills.


    Tenancy

    Please note that under the terms of the lease, the current rent is £18,500 pa rising to £20,000 pa from 25 June 2024. The vendor has agreed to top up the completion monies so that the property effectively produces £20,000 pa from completion of the sale.


    Rent

    £20,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Alton is an attractive market town in Hampshire approximately 17 miles north-east of Winchester and 48 miles south-west of London. The property is located on the north side of High Street, in a prominent location with nearby retailers including Co-op Food, Costa Coffee and Boots the Chemist.

      Transport

      Alton Train Station (South Western Railway)

      Close to A31 which provides access to London

      Legal documents

      Login to view legal documents

      EPC rating

      The EPC rating for this property is E

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums