58A-58C Normandy St - Movie Theatre FOR SALE


Alton, HAM GU34 1DE
$850,000 USD
125-646-2222
58A-58C Normandy St, Alton, HAM for Sale
$850,000 USD
Movie Theatre - FOR SALE
1/2
null | Request Cap Rate

58A-58C Normandy St
Alton, HAM GU34 1DE


HIGHLIGHTS

  • Prime location
  • Close proximity to local amenities and shops
  • Good transport links

OVERVIEW

Alton Picture House opened on 18th December 1912. It had a semi-circular brick façade which was faced in Bath Stone. The proscenium was described as being ‘highly ornamental and in a very attractive design’. It was closed in 1937 and re-designed by Portsmouth based architect Bates White. Plans had been drawn by architect Robin A. Thomas in an Art Deco style. It re-opened on 18th June 1937. A balcony had been added which increased the seating capacity. The Palace Cinema closed as a cinema on 28th November 1984 and the building then began use as a bingo club, ballroom & disco with some wrestling matches too, plus occasional films at holiday times. In 2003 a second screen seating 60, was added in some unused space in the former rear stalls area. Bingo continued in the former front stalls. The current layout is arranged as a smaller Screen 2 on the 'Upper' Ground Floor, projection room, bar, w.c’s ticket office and foyer. At First Floor there is the main screen 1, w.c’s foyer with access to projection room / roof. There is an independent 1 bedroom flat and lock up shop (subject to pre-existing tenancy agreements). Hampshire Lettings Company will take a new effective fully repairing and insuring lease n 58A Normandy Street for a term to expire 31st December, 2031 at a fixed rent, to be agreed. Hampshire Lettings Company is an independent company which specialises exclusively in residential lettings in Alton and the surrounding area. The 1 bedroom flat is let to a private individual on an AST agreement at £6,000 per annum.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,080 SF

ZONING

-

APN/PARCEL ID

HP365458,HP401585,HP409635

ASK ABOUT THIS PROPERTY

Thomas NurtonCurchod & CoMore Info
125-646-2222

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Thomas NurtonCurchod & CoMore Info
125-646-2222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.