Property photos
Freehold
Offers in region of
£1,200,000
(£265.66/sq. ft)
Retail premises for sale
17 Union Street, Aldershot GU11From 4,517 - 7,736 sq. ft
Local area information
Property location
Nearby amenities
- Talavera Junior School 0.3 miles
- Talavera Infant School 0.3 miles
- Aldershot 0.3 miles
- Ash 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Aldershot to find out more about the local area.
Features and description
- Freehold
- Attractive Gross Yield 8.4% giy
- Ground floor (under offer) to chicken restaurant / take away operator with over 150 branches
- Unbroken 20 year lease at £38k pax is agreed - 'STC'
- Includes 6 one-bedroom apartments
- 6 residential flats generating gross income of £63,300
Description
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.
Location
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.
Viewings
By strict appointment through the sole joint agents.
Terms
Freehold investment sale reflecting an 8.4% giy, upon completion of the letting of the ground floor and basement
Tenancies
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.
Covenant
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.
Council Tax
Residential units - Band A
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.
Location
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.
Viewings
By strict appointment through the sole joint agents.
Terms
Freehold investment sale reflecting an 8.4% giy, upon completion of the letting of the ground floor and basement
Tenancies
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.
Covenant
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.
Council Tax
Residential units - Band A
Floor plans and tours
Floor plans (2)
2 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Baker Davidson Thomas
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