Situated adjacent to the Market Square and Alton Town Council's headquarters, this freehold building is arranged as two income-producing commercial units on the ground floor, while a flat on the upper floor has been sold off under the terms of a long lease.
The front section of the ground floor enjoys a return frontage of window display with the last commercial tenant having recently vacated and, at present, the space is let to the local food bank under the terms of a licence agreement offering scope and potential for the new owner to secure a new commercial tenant as required. The rear portion of the ground floor is let to a beautician under the terms of a commercial lease, with the two parts of the commercial space producing an annual income of £24,000 when last fully let.
Commercial
Ground Floor - Front
Main shop/trading area, store/staff rest room with basic kitchen facilities and cloakroom with W.C., and access to:-
Cellar
Providing useful additional storage.
Tenancy
At present let under the terms of a Licence Agreement to a local food bank. Further information will be contained in the legal documentation which will be available to download from the Clive Emson website.
Ground Floor Rear
Not inspected by the Auctioneers at the time of press but believed to comprise main treatment areas with supporting staff facilities, including cloakroom with W.C.
Tenancy
Currently let under the terms of a Commercial Lease for a term of 6 years from 9th September 2022 at a current rental of £750 per calendar month.
22A Market Street - First Floor
Tenure
A residential apartment sold under the terms of a 125-year lease from 1st April 2014.
