LOT 33 - Aldershot

103 - 109 Victoria Road, Aldershot, Hampshire, GU11 1JE

Freehold Mixed-Use Investment and Development Opportunity

Sold Prior

Key Features
  • Comprising 3 retail units (1 is vacant), 10 newly completed flats (7 are vacant), and a large car park on a site of approx. 0.97 acre. Virtual Tour link below
  • Opportunity to increase income significantly by letting the 7 newly refurbished flats. The 3 let flats produce £30,600 p.a.
  • The car park was previously operated on a management agreement and produced £87,000 p.a. (1)
  • Potential for redevelopment of the car park, subject to all necessary consents - see sketch plans
  • Potential to develop flat roof under Permitted Development Rights to erect an additional 10 flats
  • Total accommodation of 1,812.32 sq m (19,508 sq ft).
  • Well located within Aldershot town centre, approximately 300 metres from the Mainline Station

Total Current Rent Reserved
£97,600 p.a.
Plus 1 shop, 7 flats and car park all vacant
Tenure

Freehold


Location
  • Aldershot is located 10 miles west of Guildford and 33 miles South-West of London on the Surrey/Hampshire border
  • The A331 dual carriageway leads to Junction 4 of the M3 motorway to the north and the A3 and A31 to the south
  • 300 metres from Aldershot Mainline Station which has regular services to London Waterloo (fastest service 46 minutes)
  • The property occupies a prominent site in the heart of the town centre, fronting High Street with vehicular access from Birchett Road to the rear
  • Occupiers close by include Domino's, Natwest, Ladbrokes, William Hill, and a number of other traders
Additional Information
  • The property comprises a substantial purpose built block across two storeys fronting Victoria Road, with a smaller one storey section at the rear
  • The building provides three retail units at ground floor level (one is a substantial double unit) and 10 self-contained flats above (1x one bed, 9 x two bed ), which are accessed from Victoria Road and the rear
  • The flats have recently been converted, 4 of the flats benefit from a roof terrace
  • To the rear, there is a large car park (90 spaces approx.) accessible from Birchett Road. It was previously operated on a management agreement by Rushmoor Council and produced approx. £87,000 gross income for the year end January 2020(1)
Virtual Tour
  • The video tours provided in the online Particulars of Sale are intended to assist buyers by giving a general impression of the layout of the property. It is not intended to specifically include or omit any particular part of the property and is not to be relied upon as a formal record of condition of the property. For the avoidance of doubt, neither the Seller nor the Auctioneers will have any liability in the event that there is a defect existing at the Property which would be visible on a physical inspection but is not shown on the video tour.
Planning
The car park may be appropriate for residential development, subject to obtaining all the necessary consents. Sketch plans illustrating a potential 90 flat new build scheme are available in the legal pack together with planning consultants site appraisal report.
The flat roof over the existing block has potential for a further 10 flats under Class A Part 20 General Permitted Development, floor plans are available in the legal pack
All enquiries should be made with the local authority: 
Website: www.rushmoor.gov.uk
Virtual Tour
Click here to view
VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing on Tuesday 10th May. If you would like to attend you must register with us in advance. Please email chris.childs@allsop.co.uk with the name and mobile number of each party wishing to attend, photographic ID will be required on the day. In the subject box of your email please enter the Lot number, town and postcode of the property you wish to view.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
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