Established Café/Restaurant with separate, self-contained residential accommodation, for sale.
Location
Situated in a prominent town centre location and within 1/4 mile of mainline railway station (London Waterloo 1 hour).
Terms
Note - The residential accommodation is stylishly decorated to provide living room areas and kitchen on the first floor with three bedrooms and family bathroom on the second floor together with attic storage above. The vendors currently live in the residential accommodation and will either sell with vacant possession or consider taking an Assured Shorthold Tenancy leaseback.
Letting - The café/restaurant is let on a 25 year, proportionally full repairing and insuring lease from November 2022 at a rent of £35,000 per annum exclusive, subject to 5 yearly rent reviews. There is a tenant option to break at the end of the 5th year of the term, subject to 6 months minimum prior written notice. There is a 6 months rent deposit held under Deed.
Rates - Interested parties are advised to contact the rating authority, East Hampshire District Council.
EPC - Available on request.
Terms - The freehold is available for sale with the benefit of the existing café/restaurant letting and the residential accommodation potential to either let separately or occupy. Price guide on application.
Specification
- Grade II Listed Building – attractive period features throughout
- Neighbouring former Austin Bank, Jane Austin’s brother
- Café rental income, £35,000 per annum exclusive
- Separate 3/4 bedroom living accommodation (vacant possession)
- Within 1/4 mile of mainline railway station (London Waterloo 1 hour)
- Prominent town centre location
Accommodation Grid
| | sq ft | sq m |
|---|
| 8/8a, High Street | Ground Floor Café/Restaurant | 1,066 | 93.4 |
| 8/8a, High Street | Cellar Storage | 290 | 20.9 |
| 8/8a, High Street | First/Second Floor (with attic storage) 3/4 bedroom residential accommodation | 1,339 | 124 |
| 8/8a, High Street | Enclosed, rear courtyard garden | | |