Property Information
Address:
5 Alexandra Terrace, Alexandra Road, Aldershot, Hampshire
, Gu11 3HU
, Hampshire
, United Kingdom
Price: Sale Price: £475,000
Size: 2075 sq ft193 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH658661
Property Ref/Agent: 5 ALEXANDRA TERRACE, ALEXANDRA ROAD, ALDERSHOT HAMPSHIRE GU11 3HU
*Please use the agent ref when calling the agent directly.
Property description
Location:
Aldershot is a busy Hampshire town with a population of some 37,000, situated immediately south of Farnborough and Camberley. Junction 4 of the M3 Motorway is located four miles to the north and the A31 is situated directly to the south. The Blackwater Valley (A331) relief road is nearby and which provides a dual carriageway link to the M3.
The property is ideally positioned in the centre of Aldershot’s main commercial area, opposite the Westgate and within walking distance of the Aldershot station (Waterloo –fastest journey approximately 45 minutes) and the Tesco & Morrison Superstore. 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
Description:
An attractive three-storey terraced period style office building constructed in the late 1980s with car parking to the rear.
Tenancies:
The Ground and First-floor Dental Surgery have been let to Mr A & Mrs K Gill on assignment and subject to an original12 year full repairing and insuring lease from 16 December 2011 with four yearly upward only rent reviews. The tenant is currently paying £18,000 following review as of 16 December 2019. The Second-floor offices, which are accessed from the rear of the building, have been let to Rushmoor Healthy Living on a three-year full repairing and insuring lease from 17 August 2020 at a commencing rent of£9,500per annum exclusive.
Rent:
Total current income is therefore £27,500 per annum exclusive.
Feeehold:
£475,000f or the benefit of the freehold interest in the entire building and subject to the tenancies referredto above.
Rates:
Rateable value £16,102. Rate in the £:51.2p
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