Chalet Hill, Bordon, Hampshire, GU35

Mixed use (retail/office) investment - 7.3% net yield with potential to improve to c. 9.5%. Shop and office plus large car park - freehold available at £275k. In Bordon, Hampshire.

An end of terrace commercial premises within a parade of mainly independent businesses, situated between Domino’s and Gellhorns Solicitors and close to Coral, My Dentist and Tesco. The property is presently occupied by two separate tenants; Strudwick Property Services who have been in occupation since 2002 and Gellhorns, who have occupied part as surplus office space, since 2016. To the rear of the building is a large car park for the sole use of the subject property, and where a telecoms mast is sited.

SITUATION
Bordon is a growing town located in East Hampshire near the Surrey border and nestled within the South Downs National Park, offering picturesque countryside surroundings, including the nearby Hogmoor Enclosure (one of the UKs largest green spaces). Historically a military town, Bordon has undergone significant transformation in recent years evolving into a hub for sustainable living and eco-friendly development, and there is a growing residential population. There is a train station in Liphook, 4 miles away, offering a direct line to London Waterloo and the A3 is located 3.5 miles away, enabling excellent road access both north and south.

ACCOMMODATION
We have identified the following approximate net internal areas:

10 (Strudwick) – 950 Sq. Ft / 82.3 Sq. M
10a (Gellhorns) – 444 Sq. Ft / 41.3 Sq. M

TENURE
We are instructed to seek offers of £275,000 plus VAT, subject to contract, for the freehold interest to include any subsisting leases. A sale at this level equates to a NIY of 7.3% after standard purchaser’s cost however, based on our ERV, a reversionary NIY in the region of 9.5% may be achievable.

RATEABLE VALUE
According to the Valuation Office Agency ( the following rateable values apply since 1st April 2023:

10 - £15,750
10a – £4,750
Vodafone Mast Site - £7,700

LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in any transaction. The property is elected for VAT purposes.

EPC RATING
D (90) valid until May 2026 under certificate reference 0899-0558-1430-5500-5603.

VIEWINGS
No approach to the current occupiers is permitted. All enquiries via the sole agents Trinity Rose Commercial on .