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*Freehold Commercial Investment*

An opportunity to acquire a freehold investment in the centre of Alton, Hampshire which is currently producing a rental income of c. £92,000 per annum and an attractive gross yield of 9.69%.

Occupying a town centre location, the ground floor of the building currently comprises a retail unit let to Rawlings Opticians and a bank let to NatWest, with the latter occupier also benefitting from a small first floor staff room.

This late Victorian-era terraced property boasts period detail and is of traditional brick and timber joist upper floors, with a frontage of brick and traditional single-glazed, timber-framed, rising sash windows. The three-storey building has upper floors which were previously sold off on a 999-year lease and converted into eight residential apartments, all of which have been sold with 125-year under-leases and currently contribute an annual ground rent to the freeholder.

Nearby occupiers include Costa Coffee, Co Op Express, TSB, Vodafone, The Swan Hotel and HSBC. The property is located in a Conservation Area.

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5,666 Sq Ft Retail - High Street, Alton

£950,000 - Under Offer