Retail Investment Opportunity in Aldershot

Lock up Shop with Ground Rent Income+53A+53B

53 Church Road Aldershot Hampshire GU11 3PR

Investment Property For Sale: £75,950
Total Floor Area: 24 sq.m/257 sq.ft
Net Investment Income: £4,100 per annum




Last updated: 28 Jan 2020 Ref: 53ChurchRoad

Property Description

The property comprises a lock up shop with 2 flats above. The flats have been sold off on long leases and each pay a ground rent of £50 per annum. The shop is currently let as a hairdresser at £4,000 per annum with a lease expiry in 2021. Subject to market conditions it is believed that there is scope for a rent increase on renewal. Due to the size of the retail unit it is not considered suitable for a permitted development application. EPC rating C51.

Measurements

  • Net Internal Floor Area
Lock up Shop with Ground Rent Income 53 Church Road Aldershot - Hairdresser
Measurementimperialmetric
Ground Floor255 sq.ft24 sq.m
Total Floor Area255 sq.ft23.69 sq.m

53A - Ground Rent
Measurementimperialmetric
Total Floor AreaNot measuredNot measured

53B - Ground Rent
Measurementimperialmetric
Total Floor AreaNot measuredNot measured


Agent's Disclaimer

These particulars do not constitute, or form any part of, any offer or contract, and whilst all the information given is believed to be correct, all interested parties must satisfy themselves of its accuracy. All prices and rents are quoted exclusive of VAT, unless otherwise stated.


Sale Terms

Offers are sought in excess of £75,950 subject to contract and exclusive of VAT.


Tenant, lease and rent summary

53 Church Road Aldershot GU11 3PR
Retail UnitTenantRental IncomeLease Dates
Lock up Shop with Ground Rent Income Hairdresser £4,000 2021 -expiry
No -break
53AGround Rent £50No -break
53BGround Rent £50No -break
Total Rent £4,100


Covenant Information:

Hairdresser

The shop is currently let as a hairdresser at £4,000 per annum with a lease expiry in 2021. Subject to market conditions it is believed that there is scope for a rent increase on renewal.

Ground Rent

The flats have been sold off on long leases and each pay a ground rent of £50 per annum

Ground Rent

The flats have been sold off on long leases and each pay a ground rent of £50 per annum.

Agent's Disclaimer

These particulars do not constitute, or form any part of, any offer or contract, and whilst all the information given is believed to be correct, all interested parties must satisfy themselves of its accuracy. All prices and rents are quoted exclusive of VAT, unless otherwise stated.


There are no plans available to view for this property. Contact the agent for further information

Property Location

53 Church Road is at the southern end of Church Road where it meets Lower Farnham Road. Being surrounded by mainly residential properties and located as the last retail unit on the corner parade which includes McColl’s, Co-Op, Londis and The Heron Barbers. Located 1.4 Miles (7 min drive) from Aldershot train station which provides services between London Waterloo and Alton. As well as this there is ease of access to the A331 (0.9 miles) and A31 (2 miles) providing road routes to the A3 and M3 connecting London with Southampton and Portsmouth.

Map



OwenShipp
Agents Contact Details

Name: Alex Bellion
Company: Owen Shipp Commercial
Address: 1 Wey Court Mary Road Guildford Surrey GU1 4AQ
Email:
Email the agent
Direct Dial: (01483) 450115
Mobile: 07917 756068





Download pdf brochure Brochure for: 53B 53 Church Road  Aldershot Hampshire  GU11 3PR. Investment Property For Sale: £75,950. Total Floor Area: 24 sq.m/257 sq.ft. Net Investment Income: £4,100

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