Address: 165-175 North Lane
Postcode: GU12 4SY
Approx. Sq Feet: See Schedule
Approx Sq Meters:
Rateable Value: N/A
Parking: Rear Car Park
LOCATION: These properties are located on the west side of North Lane at the junction of North Lane and Canning Road with direct access to Ash Road and forms part of a local shopping parade serving the surrounding residential area. Other occupiers in the vicinity include Eden Bookmakers, One Stop supermarket, Co-op supermarket, and McColls Newsagents. The immediate area is predominantly residential although the principle industrial area of Aldershot is within very close proximity
DESCRIPTION: The properties comprise a large mixed use investment which is laid out to provide 5 ground floor retail units and 6 residential flats over two upper floors. There is a shingled car park to the rear of the entire estate and where each of the retail occupiers have been granted parking rights.
165 North Lane 790 sq ft 73.39 m²
167 North Lane 710 sq ft 65.96 m²
169 North Lane 795 sq ft 73.85 m²
171 North Lane 725 sq ft 67.35 m²
173-175 North Lane 2,300 sq ft 213.67 m²
PLANNING: We understand that the various units have consent for uses falling within Class E (Commercial, Business & Services Use) and Class C3 (Residential Dwellings) of the Town & Country Planning (Use Classes) Order 1987 (as amended 2020)
SERVICES: We understand that all mains gas, water and electricity are available and connected to the properties. Each property is self contained from a servicing point of view.
LEASES: All five of these ground floor units are let and incoming producing and which are held under individual leases as set out in the attached Tenancy Schedule. There are six residential units above, four of which have been sold off on long leasehold basis paying peppercorn rents of £75 x 2 and £50 per annum. The two remaining flats are let to the tenants of 169 and 171 North Lane.
TENURE: The mixed investment is available for sale freehold subject to the 6 commercial leases in place on the tenants ground floor shop units and the long leaseholds in place on four of the residential units above. The commercial leases make provision for the payment of a service charge on a quarterly basis, and which is to cover the maintenance of all external common parts of the property. The residential tenants pay service charges ad hoc.
SALE: For the benefit of the existing five commercial leases and four residential ground rents and currently providing an annual income of £77,700 per annum – Freehold Offers Invited in excess of £1.3 million + VAT
LEGAL COSTS: Each party is to be responsible for their own legal costs incurred in the sale transaction.
VIEWING: By appointment with – EMBERSON & CO LTD TEL NO: 01252-329129 – FAX NO: 01252-329120 MOB NO: 07836-640597 E-mail email@example.com www.emberson.com
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.