Lot 42 - TWO SHOPS AND FLATS WITH DEVELOPMENT POTENTIAL

Sold £602,000

Currently let at £41,000 plus vacant flat

Occupying a prominent position on Ash Road, the main thoroughfare into Aldershot, this imposing building sits on a plot of 0.08 hectares (0.20 acres). It is considered that there may be future scope for additional development to the rear of the existing accommodation, or indeed redevelopment of the whole site, subject to all necessary consents being obtainable.

Currently arranged as two commercial units and two flats, with additional workshops and office to the rear. The property produces a healthy income, with the vacant flat, which is in decent order an obvious way to increase this income further.

Commercial

159 Ash Road & Rear Store

Tenure

Currently let at £18,000 per annum under the terms of a commercial lease expiring in November 2022.

163A Ash Road & Rear Workshop and Storage Area

Tenure

Currently let on a licence agreement at a rent of £1,100 per month.

Residential

Flat 159A

Two bedrooms, living room, kitchen and bathroom with W.C.

Tenure

Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.

Flat 163

Two bedrooms, living room, kitchen and bathroom with W.C.

Tenure

Currently vacant but previously let at £800 per calendar month.

Local Planning Authority

Rushmoor Borough Council. Tel: 01252 398399. Website: rushmoor.gov.uk.

Freehold with Part Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/