28 & 30 Union Street Aldershot Hampshire GU11 1EW

28 & 30 Union Street
Aldershot
Hampshire
GU11 1EW

Two Freehold Retail Investments

Part let to Salvation Army Trading Company until 2026
Part let to British Heart Foundation on a new renewed lease
Prominent Pedestrianised Location
Nearby occupiers include McDonalds's, EE, Specsavers, KFC, Halifax, Savers and Holland & Barrett
Future redevelopment potential

Lot
20
Auction
11th February 2021
Rent
£42,000 per Annum Exclusive
Status
Sold
Price
£390,000
Auction Venue
Live Streamed Auction

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Two Freehold Retail Investments

Part let to Salvation Army Trading Company until 2026
Part let to British Heart Foundation on a new renewed lease
Prominent Pedestrianised Location
Nearby occupiers include McDonalds's, EE, Specsavers, KFC, Halifax, Savers and Holland & Barrett
Future redevelopment potential

Lot 20
Auction 11th February 2021
Rent £42,000 per Annum Exclusive
Status Sold
Price £390,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 33 miles south-west of London; 9 miles west of Guildford; 20 miles south-east of Reading
Roads: A31, M3, M25, M4
Rail: Aldershot Rail
Air: London Heathrow, London Gatwick,

Situation

Aldershot is a popular London commuter town, with strong communication links via the M3 and M25, and benefits from its substantial military base. The property is prominently situated on the north side of the pedestrianised Union Street, close to the Wellington Shopping Centre which houses occupiers including WH Smith, Lidl, Boots, Wilko and Sports Direct. Other nearby occupiers include McDonalds's, EE, Specsavers, KFC, Halifax, Savers and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 33 miles south-west of London; 9 miles west of Guildford; 20 miles south-east of Reading
Roads: A31, M3, M25, M4
Rail: Aldershot Rail
Air: London Heathrow, London Gatwick,

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units both with first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Rushmoor Council (www.rushmoor.gov.uk)

Completion Period

Six Week Completion

EPC

Bands E & D. See legal pack at www.acuitus.co.uk

Description

The property comprises two ground floor retail units both with first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Planning

Completion Period

Six Week Completion

EPC

Bands E & D. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	(Reversion)
No. 28	Ground First	Retail Ancillary	147.23 sq m 24.10 sq m	(1,585 sq ft) (259 sq ft)	SALVATION ARMY TRADING COMPANY LIMITED (1)	10 years from 09/03/2016 (2)	£22,000	(08/03/2026)
No. 28	Ground Retail	Retail Ancillary	157.58 sq m	(1,696 sq ft)	BRITISH HEART FOUNDATION (3)	5 years from 7/10/2020 (4)	£20,000 (5)	(06/10/2025) (4)
Totals			328.91 sq m	(3,540 sq ft)			£42,000

(1) For the year ending 31st March 2019, Salvation Army Trading Company Limited reported a turnover of £54,317,884, a pre-tax profit of £6,753,953 and shareholders funds of £17,291,528 (Source: NorthRow 14/01/2021).
(2) The option to determine on 09/03/2021 has NOT been exercised in exchange for 6 months rent free from March 2021. The Seller will top up the rent, so the purchaser will effectively receive £22,000 per annum from completion of the sale.
(3) British Heart Foundation trade from 750 shops nationwide (Source: www.bhf.org.uk)
(4) Tenant option to determine at the end of years 3 & 4 upon 6 months notice
(5) Rent rebased from £30,000 per annum

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.