Summary - 5 LENTEN STREET ALTON GU34 1HG
1 bed 1 bath Retail Property (high street)
Immediate income with hands-on management upside near Alton Market Square.
Freehold mixed-use: two shops and three flats, fully let
A fully-let freehold on Lenten Street, Alton, offers immediate income of £50,150 pa and a net initial yield of c.7.42%. The period brick building comprises two ground-floor shops and three residential units, arranged over a 2,475 sq ft NIA — a compact, central holding with obvious income resilience from long-standing tenants.
The asset sits within Alton Conservation Area, half a mile from the mainline station and adjacent to the Market Square, delivering strong town-centre footfall and visibility. The freehold structure and mixed-use layout create clear asset-management options: re-gearing leases, measured refurbishment of upper floors, or active rent review strategies to add value.
Buyers should note practical constraints: limited plot size with no private garden, neighbouring built form restricts redevelopment scope, and some flats carry lower EPC ratings (two E-rated units). Crime statistics are above average locally — relevant for insurance and tenant mix planning. The property is sold with existing tenancies and is not elected for VAT.
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