FOR SALE

Union Street, Aldershot GU11 1EP

Offers in excess of £200,000

Description

The property comprises the first and second floors located above two adjoining retail units known as 37 and 39 Union St.

37 Union St is currently entirely vacant with the first floor extending to approximately 775 sq.ft. The ground floor at 39 Union St is currently occupied by EE with the first and second floors vacant and extending to approximately 1,765 sq.ft. in total.

EE are due to relocate to 37 Union St following enabling works by the vendor which include making both retail units self-contained and creating the main residential access stairway to the first and second floors via the rear at ground floor level.

For the avoidance of doubt, the retail units are not included in the sale and will be retained by the Seller.

Location

The properties occupy a prominent position on Union Street adjoining the entrance into the Wellington Shopping Centre within Aldershot Town Centre. Aldershot is an popular commuter Town located within Hampshire approximately 32 miles southwest of London.

The property is located approximately 0.5 miles from Aldershot Central station providing direct National Rail services into London Waterloo in approximately 1 hour.

Development Potential

The property benefits from planning permission, granted on 4th March 2020 (refence: 19/00870/COU) for the change of use, conversion and external alterations (including replacement and new windows) to the first and second floor ancillary retail space to create 3 x residential units (2 x 2 bed, 1 x 3 bed) extending to approximately 2,207 sq.ft.

The consent is subject to a S106 agreement which obligates for financial contributions totalling £15,428 as part of a Special Protection Area (SPA) contribution relating to the Southwood Woodland.

Tenure

The property will be sold on a freehold basis, subject to the Seller retaining the two ground floor commercial units on a new 999 year lease.

Terms

Offers are invited in excess of £200,000 for the freehold subject to the seller retaining the existing retail units on the ground floor.

VAT

We understand that the property is not elected for VAT.

Additional Information

Further information including approved planning documents can be found in our dataroom using the password ‘Union’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • First and second floor ancillary retail space extending to approximately 2,540 sq.ft.
  • Planning permission for the conversion of the existing space to create 3 x residential units (2 x 2 bed, 1 x 3 bed) extending to approximately 2,207 sq.ft.
  • Located within the heart of Aldershot Town Centre 0.5 miles from the station
  • Offers are invited in excess of £200,000 for the freehold subject to the seller retaining the existing retail units on the ground floor

To discuss this opportunity further, please contact Jordan Oldfield on 020 7183 2529

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