Summary - FLAT 1, 4A, UNION STREET GU11 1EG
6 bed 6 bath Block of Apartments
Six one-bed flats plus long-established shop with short-term scope to add value.
Approx £70,000 annual income, quoted c.8% yield
A compact, mixed-use freehold in Aldershot town centre offering an established income stream. The building comprises six one-bedroom flats above a long-standing commercial tenant (Magic Scissor Barbers), producing approximately £70,000 pa and quoted as delivering around an 8% yield, with income set to increase in 2027. There is scope (subject to planning) to add a further one-bedroom apartment, improving returns for an active investor.
The property is split over five floors with one basement apartment, two on the first floor, two on the second and one on the third. Each flat has a fitted kitchen and separate bath/shower room; ceilings are high in parts and the façade is attractive Victorian red brick. Practical benefits include no flood risk, fast broadband and excellent mobile signal — useful for lettings and tenant satisfaction.
Important considerations: the surrounding area scores as deprived and local crime is very high, which will influence tenant mix, insurance and management needs. The apartments are small (total 1,203 sqft across six units), so rents and tenant expectations will reflect compact accommodation. Tenure is listed as unknown and any refurbishment, compliance work or a conversion to an additional unit should be budgeted and planned — required consents may be needed.
For investors seeking a town-centre, multi-let with immediate income and short-term opportunity to add value through planning and active management, this property is a clear prospect. It is best viewed in person to appreciate internal layouts and the income potential versus required upkeep and local market considerations.
Shop for sale in Fountain Hair Salon, 4 Union Street, Aldershot, Hampshire, GU11 — £895,000 • 6 bed • 6 bath • 2949 ft²
Commercial property for sale in Grosvenor Road, Aldershot, GU11 — £350,000 • 2 bed • 1 bath • 1745 ft²
Cafe for sale in Ash Road, Aldershot, GU12 — £350,000 • 2 bed • 1 bath • 883 ft²
Mixed use property for sale in London Street, Basingstoke, Hampshire, RG21 — £700,000 • 1 bed • 1 bath • 1046 ft²
3 bedroom apartment for sale in Turk Street, Alton, Hampshire, GU34 — £375,000 • 3 bed • 3 bath • 455 ft²
1 bedroom apartment for sale in Frederick Street, Aldershot, Hampshire, GU11 — £125,000 • 1 bed • 1 bath • 614 ft²
