Just fully refurbished this property offers an excellent investment return with little prospect of maintenance for years to come. Constructed between the wars of brick under a pitched and tiled roof, recent improvements include a ground and first floor extension, plus a full re-fit upstairs and down. The ground floor is a new fully functional fish and chip shop, with a small rear yard, the first floor is a completely renovated and extended 2 bed flat. FREE CAR PARK TO THE FRONT.
Location
Located in a prosperous residential area, with close by attractions including The Lido and Leisure Centre. Aldershot Town Centre is about 1 mile, Farnham under 3 miles. The A331 Blackwater Valley Relief road is under a mile, giving excellent access to the A31, A3 and motorway network.
Accommodation
Front Shop: 14x26/3= 366sq/ft.
Rear Shop: 18/4x14= 238sq/ft.
Side Shop: 16/5x6= 98sq/ft.
Total: 702sq/ft.
Rear yard approx 10’ deep.
Front forecourt extending from the shop to the car park. Highly suitable for casual seating area.
First Floor: Self contained front access to Entrance Hall, with under stairs cupboard and space for cycles, coats etc.
Stairs to First Floor. Landing with access to loft.
Sitting Room/ Kitchen: 20/5x13/1= 268sq/ft.
Fully Fitted Kitchen area.
Bed 1: 13x12/1= 157sq/ft.
Bed 2: 15/10 (main) x7/10= 125sq/ft.
Bathroom fully tiled and fitted with bath/shower= 40sq/ft.
Total: 590sq/ft not including landing Hall and stairs.
Total area approx: 750sq/ft.
Terms
The ground floor, rear yard, front forecourt is let on a full repairing and insuring lease for a period of 20 years commencing August 2015 with five yearly upward only rent reviews and a six month rental deposit. The current rent is £22,XXXax + no vat.
THE FLAT: Is currently vacant, we are advised that on an assured short hold tenancy the rent would be around £XXXcm. The vacant possession value we are advised is in the order of £180,000 for a long leasehold.
(Please note these figures are informal indications we have been given, prospective purchasers should make their own enquiries)
PRICE GUIDE: £425,000 stc + no vat.