Address: 7 Union Street
Postcode: GU11 1EG
Approx. Sq Feet: 1,883
Approx Sq Meters: 175
Rateable Value: £9,337
LOCATION: The property occupies an excellent trading position within the pedestrianised section of Union Street. Multiples represented nearby include Halifax Building Society, PDSA, Shoe Zone, McDonalds and KFC.
ACCOMMODATION: Gross Internal Measurements
Gross Frontage 18ft 10in ( 5.57 mts)
Nett Frontage 17ft 10in ( 5.45 mts)
Internal Depth 78ft ( 23.7 mts)
Ground Floor Sales 1,291 sq ft(120.00 sq mts)
Basement Store 592 sq ft ( 55.00 sq mts)
PLANNING: The property has the benefit of a flexible planning consent for Classes A1, A2 and A3 (Retail, Financial & Professional Services and Food & Drink). Ref No: 93/00740/COU.
LEASE: The ground floor and basement have been let on a 20 year full repairing and insuring lease from 25 July 2019 at a commencing rental of £18,000 per annum exclusive of rates, building insurance and if applicable VAT with five yearly rent reviews. The upper parts comprising of two flats and which are accessed from the rear and which have been sold off at a peppercorn rent.
PRICE: £235,000 for the freehold interest and subject to VAT if applicable and with the benefit of the tenancy in respect of the ground floor shop and basement.
RATEABLE VALUE: Rateable Value £9,337 current commercial rate in the £ 49.9p (2020/21).
LEGAL COSTS: Each party is to be responsible for their own legal and surveyor’s costs incurred in the transaction.
Strictly by prior appointment with the Agents - Emberson & Co Ltd., Suite 9 Wesley Chambers, Queens Road, Aldershot, Hampshire, GU11 3JD
Tel No: (01252) 329129
Mob No: (07836) 640597
Emberson & Co Limited and its subsidiaries and their joint agents if any (“Emberson”) for themselves and for the seller or landlord of the property whose agents they are give notice that:
(i) These particulars are given and any statement about the property is made without responsibility on the part of Emberson & Co Ltd or the seller or landlord and do not constitute the whole or any part of an offer or contract.
(ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property.
(iii) No employee of Emberson & Co Ltd has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all.
(iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position.
(v) Except in respect of death or personal injury caused by the negligence of Emberson & Co Ltd or its employees or agents, Emberson & Co Ltd will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by Emberson & Co Ltd.
(vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and Emberson & Co Ltd shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.