Retail premises to let in High Street, Alton, Hampshire GU34

This late Victorian-era mid-terraced property boasts period detail with a frontage of brick and traditional single-glazed, timber-framed, rising sash windows. It has been occupied by NatWest bank for many years and is presently configured as open-plan trading space along with a number of cellular rooms and ancillary storage. Nearby occupiers include TSB, Boots, Waterstones, Greggs, Specsavers, Savers, Papa John’s, The Spice Bank, Costa Coffee, Co Op Express, Clarks Shoes and The Swan Hotel.

We understand that the unit benefits from Class E Use, making it potentially suited to businesses within retail, coffee shop/restaurant, office, medical, professional services, subject to the tenant securing any necessary planning consent, as required.

Accommodation

Trinity Rose Commercial have been instructed to rentalise c. 2,500 Sq. Ft. / 232 Sq. M. Of ground floor commercial space.

Tenure

Available to let on a new lease on terms to be agreed at an initial rent of £45,000 pa exclusive of any business rates, utilities, buildings insurance apportionment and service charge, as applicable.

Rateable value

Online enquiry via indicated a rateable value of £35,750, effective from 1st April 2023, however this included the first floor which the freeholder is retaining. A new assessment will therefore be required, which will reduce the occupier’s business rates liability.

Legal costs and VAT

Each party is to bear their own legal costs in any transaction. The property is not elected for VAT purposes.

EPC rating

Rated D (98) under certificate reference valid until 28th January 2031.

Viewings

All enquiries and appointments to view via sole agent Trinity Rose Commercial on .<br /><br />Centrally situated within a conservation area in the market town of Alton, Hampshire the location enjoys high levels of footfall as well as short-stay on street car parking. It is strategically well-positioned to benefit from the ongoing residential redevelopment of the nearby Molson Coors Brewery by CALA Homes (Rivermead Gardens), which will see 220 new homes, a care home and separate assisted living facilities.

Alton benefits from a wide range of shopping facilities and excellent road links with the A31 providing easy access to Farnham (9 miles), Winchester (16 miles) and Guildford (20 miles). Alton has a mainline railway station with connections to London Waterloo via Woking.