The properties comprise two terraced buildings with lock-up shops on the ground floor, with both shops currently let to tenants, 258 is let to a Tattoo Artist, 260 is let to a Podiatrist who we understand has leased the shop for many years. 258 has a good sized parking space to the rear for the shop, 260 has a large store building to the rear, and room from one small car to be parked.
The upper parts to each property consist of self-contained two bedroom flats one in 258 and one in 260 each set over 2 floors. The flat within 258 is currently let, the flat within 260 is vacant, both flats will benefit from redecorating/refurbishment.
*Please note that the access to the flat within 260 is via the access lobby within 258, meaning that the properties need to be purchased as a pair.
Location
The premises are located on the busy High Street which is the main thoroughfare into Aldershot Town Centre from South Aldershot and Ash (A323).
Aldershot has been regenerating over recent years, including a major redevelopment within the Town Centre which has recently been completed.
The town has excellent road access onto the A331 Blackwater Relief Road serving both Junction 4 of the M3 Motorway, and the A31Guildford to Farnham Dual Carriageway.
Accommodation
APPROXIMATE FLOOR AREAS
258 High Street (toilet to shop is external)
Shop
Shop Area 289 ft² (26.8 m²)
Rear Office 112 ft² (10.46 m²)
Kitchenette 87 ft² ( 8.10 m²)
Total 488 ft² (45.36 m²)
258A (Flat)
Rooms excluding hallways/stairs 525 ft² (48.8 m²)
Total Area 1,013 ft² (94.16 m²)
APPROXIMATE FLOOR AREAS
260 High Street
Shop
Shop Area 349 ft² (32.42 m²)
Rear Office/Kitchen 150 ft² (13.92 m²)
Rear External Store 150 ft² (13.98 m²)
Total Area 649 ft² (60.32 m²)
258A (Flat)
Rooms excluding hallways/stairs 490 ft (45.9 m²)
Total Area 1,139 ft² (106.22 m²)
Terms
RENTS
258 & 258A
The lock-up shop 258 is let on a licence arrangement for £725 pcm (£8,700 pax).
258A is let for £890 pcm (£10,680 pa), this we understand is a rolling tenancy where the tenant can serve one month’s notice.
Total Income £19,380 per annum.
260 & 260A
The lock-up shop 260 the tenant is about to sign a new 3 year lease at a rent of £10,000 pax (new rent starting from the June quarter day), we understand that the tenant will be able to serve 6 month’s notice to break the lease.
260A is vacant, but was previously let for £870 pcm (£10,440 pa).
Potential income based on the previous flat rent of £20,440 per annum.
PRICE
For both properties a figure of £500,000.
VAT
We understand from our clients that the buildings are not elected for VAT.
BUSINESS RATES
258 the shop has a Rateable Value of £4,300.
260 the shop has a Rateable Value of £5,300.
Both flats have a council tax band A rating.
ENERGY PERFORMANCE CERTIFICATES
258 - Shop - C-74
258A - Flat - C-72/4
260 - Shop - D-86
260A – Flat - C-69/71
LEGAL COSTS
Each party to pay their own legal costs in the matter.
FURTHER PICTURES
More detailed pictures of the shops/flats on request.
FURTHER INFORMATION
Through the Sole Agent:
Specification
- SHOPS LOCATED ON BUSY HIGH STREET WITH ON STREET PARKING
- TWO LET LOCK- UP SHOPS WITH REAR ANCILLARY AREAS
- TWO SELF-CONTAINED FLATS EACH OVER 2 FLOORS
- PROPERTIES ARE COMPLETELY RE-ROOFED & FRONT FAÇADE RE-RENDERED
- NO VAT