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Freehold Investment Pizza Restaurant In Hampshire For Sale

Alton, Hampshire, UK
Asking Price:
£250,000
Turnover:
Undisclosed
Net Profit:
Undisclosed
  • Freehold Investment Sale – pizza restaurant
  • Multiple operator tenant (120 sites) with high covenant strength
  • Prominent location
  • 16 cover high quality dining area
  • Commercial pizza kitchen
  • High footfall area of Alton
  • 2 reserved car parking spaces

The property is available for sale as a Freehold Investment with a tenant in situ.
Rental income £20,000 p.a.
Yield 8% p.a.

Lease Terms:

15 years.
Current rent £20,000 p.a.
Plus service charge and insurance rent.
Tenant fully repairing and insuring.
Date of commencement 25th June 2021.
Open market rent review dates: 25th June 2026 and 25th June 2031.
Tenant option to break (with 6 months’ notice) 25th June 2031.
The property is let to Caprinos Pizza Ltd [with over 120 stores in the UK] with two personal guarantors.

VAT Applicable: Yes

Will be charged on this transaction but can usually be reclaimed by the buyer.

Property Information

Property:

Freehold

Location:

Alton is a thriving, historic North Hampshire town, situated at the entrance to the South Downs National Park, boasting an extensive range of national high street chain stores and unique, independent boutique local shops and restaurants.

There is short-stay free parking on the High Street spaces and longer stay, pay and display in a number of well positioned car parks with good accessibility to the shops.