Address: 2 Alexandra Terrace
Postcode: GU11 3HU
Approx. Sq Feet: 2,075
Approx Sq Meters: 192.69
Rateable Value: TBC
LOCATION: Ideally positioned in the centre of Aldershot’s main commercial area, opposite the new Westgate development (currently under construction) and within walking distance of the Aldershot station (Waterloo – fastest journey approximately 45 minutes) and the Tesco 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. The Blackwater Valley relief road (A331) has substantially enhanced north and south communications between Camberley, Farnborough, Aldershot, Farnham and Guildford.
DESCRIPTION: An attractive three storey terraced period style office building constructed in the late 1980’s with car parking to the rear. Internally the property is presented in a very good decorative order following refurbishment by the outgoing tenant and has the following facilities:
New Carpeting Gas Fired Central Heating
Ladies/Gents Toilets to the ground floor WC facility to the 2nd floor
5 Car Parking Spaces
Fire Alarm Wall & Ceiling Lighting
Ground Floor Offices 725 sq ft ( 67.35 sq mts)
First Floor Offices 628 sq ft ( 58.34 sq mts)
2nd Floor Offices 722 sq ft ( 67.00 sq mts)
TENANCIES: The Ground and First floor tenant have a new 9 year full repairing and insuring lease from 1 December 2022 at a commencing rent of £18,000 per annum for the first 3 years, rising to £19,800 for the 4th to 6th years finally rising to £21,780 for years 7 to 9. The tenant has the right to break the lease at the third and sixth years of the term upon giving not less than 6 months notice.
The second floor tenant entered a full repairing and insuring lease for a term of 6 years from 25 October 2020 at a rent of £9,500 per annum. The tenant has the right to break the lease at the third year upon giving not less than 6 months notice and there is an upward only open market rent review at the third year.
PRICE: £475,000 for the benefit of the freehold in the entire property and subject to the existing tenancies as set out above and with a total current rental income of £27,500 per annum.
RATES: Please contact Rushmoor Rating Dept on 01252-398331.
POSSESSION: On completion of all legal formalities.
LEGAL COSTS: Each party to be responsible for their own legal and surveyors 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.