| Property Type | Investment / Development / Leisure / Retail / Retail |
| Tenure | For Sale |
| Size | 4,517 to 7,736 sq ft |
| Price | Offers in the region of £1,200,000 |
| Business Rates | Commercial |
| Rateable Value | £35,000 |
| Service Charge | TBC |
| Energy Performance Rating | This property has been graded as D (98) |
The property is situated in a prominent corner location on the pedestrianised Union Street, with a return frontage leading down to Cross Street, which in turn leads into Victoria Road. The premises are extremely well fitted, and has been trading as a KFC restaurant and takeaway for many years. There is a rear service door for deliveries. The unit benefits from a basement which provides further ancillary / storage / preparation areas, and there are separately accessible customer WC’s, together with a staircase leading from the restaurant/dining area. The premises include 6 one-bedroom residential apartments at first and second floors which are fully let and managed on AST's ranging from 42 sq m up to 57 sq m with a separate, self-contained access via the rear.
| Name | sq ft | sq m |
|---|---|---|
| Basement - Food preparation/storage (exc customer WCs) | 2,104 | 195.47 |
| Ground - Restaurant/Kitchen/Storage/Customer WCs | 2,413 | 224.18 |
| Unit - TOTAL COMMERCIAL | 4,517 | 419.64 |
| Unit - Flat 1 | 581 | 53.98 |
| Unit - Flat 2 | 495 | 45.99 |
| Unit - Flat 3 | 463 | 43.01 |
| Unit - Flat 4 | 614 | 57.04 |
| Unit - Flat 5 | 452 | 41.99 |
| Unit - Flat 6 | 614 | 57.04 |
| Unit - TOTAL RESIDENTIAL | 3,219 | 299.05 |
Aldershot is a popular commuter town within North Hampshire, approximately 32 miles south west of London. The property is located along Union Street, which is deemed as the most prime trading location in the town centre, and links into the main Wellington Shopping Centre. There are regular services to London via Aldershot station, which is a short 5 minute walk. ion Street is undergoing significant regeneration with Union Yard providing a joint venture with Rushmoor Borough Council. The scheme will provide 128 student accommodation block, 82 1 & 2 bedroom apartments, affordable homes, and 12 retail/commercial units. Nearby occupiers include BHF, McDonalds, CEX, Pepa’s, Costa Coffee, Greggs, Lidl, Savers and various other local independent retailers and restaurants. The premises are situated within close proximity to the Wellington Street Shopping Centre and Union Street entrance, which also provides multi-storey car parking.
By strict appointment through the sole joint agents.
Freehold investment sale reflecting an 8.4% GIY, upon completion of the letting of the ground floor and basement
The Premises will be fully income producing reflecting a total income stream of £101,300 pax, once the ground floor and basement letting completes. A Tenancy Schedule showing the new proposed lease terms for the commercial and AST's is available upon request. We understand that there is some reversion on the residential apartments with potential to increase the rental income stream to reflect a total of £66,000 pa (ERV) reflecting a £104,000 pa.
The six residential apartments are let to private individuals. The ground floor and basement is under offer to an established hot food restaurant/takeaway operator with a significant financial track record. Further details are available upon application.
Residential units - Band A