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Commercial Investment Opportunity, 1 Alexandra Terrace, Alexandra Road, Aldershot, GU11 3HU

2,075 Sq Ft / Offices

For Sale - £450,000.00

Available - Last updated: 19 November 2024

An attractive three storey terraced period style office building constructed in the late 1980’s with car parking to the rear. Internally the property is presented in a very good decorative order following refurbishment by the outgoing tenant.

Location

Ideally positioned in the centre of Aldershot’s main commercial area, opposite the new Westgate development/Travel Lodge Hotel and within walking distance of the Aldershot station (Waterloo – fastest journey approximately 45 minutes) and the Tesco/Morrisons Superstores. Road communications are good as the property is situated just off the A323 Wellington Avenue which links with the main A325 Farnborough Road less than ½ a mile away. The Blackwater Valley relief road (A331) provides access to the M3 at Junction 4 Frimley.

Accommodation

Ground Floor Offices - 725 sq ft ( 67.35 sq mts)

First Floor Offices - 628 sq ft ( 58.34 sq mts)

Second Floor Offices - 722 sq ft ( 67.08 sq mts)

Total Nett Internal Floor Area - 2,075 sq ft (192.77 sq mts)

Terms

PRICE: For the benefit of the freehold interest £450,000 and subject to the existing tenancies as set out below.

TENANCY: The second floor tenant Ghale Mortgages is currently paying a rent of £10,000 per annum exclusive on a new 3 year lease from 29 September 2021.

The ground and first floor tenant Care Maid Services is paying a rent of £18,000 per annum on a new 3 year lease from 1 December 2021.

RATES: Rateable value £5,600 2nd Floor & £13,750 Ground & 1st Floor UBR £ 51.2p (2023/24).

LEGAL COSTS: Each party to be responsible for their own legal costs incurred in the transaction.

AML - In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Specification

  • New Carpeting to be provided
  • Gas Fired Central Heating
  • Ladies/Gents Toilets
  • 5 Car Parking Spaces
  • Burglar/Fire Alarm
  • Wall & Ceiling Lighting

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £450,000.00 NA

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Nick Hanson

Emberson & Co Ltd

01252 216078

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