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53 Church Road, , Aldershot, GU11 3PR
255 Sq Ft / Other
Withdrawn - Last updated: 24 May 2021
Summary
A lock up retail unit with additional ground rent income from uppers
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.
Tenure
The freehold of the property is offered with the benefit of lease producing the following income:-Shop 4,000 per annum53A 50 per annum53B 50 per annumTotal 4,100 per annum
Legal Costs
Each party will bear their own legal costs in this transaction.
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