FREEHOLD SHOPS
FOR SALE or TO LET
|
| Premises: | 7-7b Wharf Road, Ash Vale, Surrey GU12 5AZ |
| Location: | Ash Vale is a busy secondary shopping parade close to the major towns of Aldershot, Farnborough and Frimley. The property is located in an established retail development opposite Budgens supermarket and Vale Furnishers twice voted Furniture Retailer of the Year. Near by retails include Lloyds Pharmacy, Tote Sport, The Optical Centre and Unwins. |
| Description: | The property comprises the entire freehold interest of 7-7b. The ground floor is divided into two self-contained lock up shops capable of merging into one larger shop. One shop (7b) is offered with vacant possession, the other is currently let (7). The first and second floor maisonette is already sold on a long lease. The property is suitable for a retailer seeking a popular rental location. It is ideal for an owner-occupier seeking income producing future expansion space, or an investor looking for reversionary income and a flexible unit. |
| Property Floor Area: | The property has the following net internal floor areas: Shop 7: 44.5 sq m (479 sq ft) Shop 7b: 37.3 sq m (402 sq ft) |
| Car Parking: | There is on street customer parking immediately in front of the property, private car parking to the rear of the property and public car parking to the rear of Budgens car park. |
| Income: | The freehold investment is available with the benefit of a lease of shop 7 let to private individuals for a term of 5 years from 27th June 2005. The lease provides for a review to market value at the end of the third year and is granted outside of the Security of Tenure of provisions of the Landlord and Tenant Act at Amended, at an annual rental of £7,500 pa exclusive. Shop 7b is vacant. We understand the maisonette is let on a long lease with approximately 70 year unexpired at a ground rental of £10 pa. Total income is £7,510 pa. Alternatively each shop is available on a new long lease to be created. |
| To Let: | Shop 7b is available to rent on FRI terms to be agreed at £10,000 pa exclusive. |
| For Sale: | Various interests are available for sale in the following terms: Freehold Interest of entire property: 7-7b Wharf Road: £200,000 Long leases for terms to be agreed: 7 Wharf Road: £120,000, 7b Wharf Road: £120,000. |
| Rates: | The properties are likely to benefit from small business rate relief and tenants are advised to make their own enquires of rates payable. |
| Costs: | In the case of a letting, the ingoing tenant is to bear the lessors reasonable legal costs. In the case of sale each party shall bear their own costs. |
Traynor Ryan
Chartered Surveyors & Property Consultants
Ryjas House, Farnham, Surrey, GU10 4RG
t. 01252 794144, f. 01252 794166
Email us about this property: info@traynorryan.com
Whilst all the information in these particulars is believed to be correct, neither the agents nor their clients
guarantee its accuracy, nor does it constitute a contract, part of a contract, or a warranty. In accordance
with the Finance Act 1989 Vat maybe applicable to rents and prices. Intending purchasers and lessees must
satisfy themselves as to the condition of the property services.
 |