53 Church Road, Aldershot, Hampshire, GU11 3PR
- 255 Sq ft
- For Sale
Freehold Investment For Sale
- Lock Up Shop With Ground Rent Income
- Prominent location
- Good Local Covenant
- 23.69 sq m / 255 sq ft
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.
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.
Shop 23.69 sq m / 255 sq ft
Shop - £4,000 Per Annum
53A - £50 Per Annum
53B - £50 Per Annum
Each party to bear their own legal fees.
Rating: C - 51
Rateable Value: £2,600
Rates Payable: £1,274 (2019/20)
100% Small Business Rates Relief for Tenants.
Please Contact the Sole letting Agent