Retail premises for sale in High Street, Gosport PO12

Fixed price £300,000 (£126.1/sq. ft)
Retail premises for sale 2,379 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Freehold Funeral Directors Investment with Car Parking
  • Comprises a ground floor funeral directors with two rear entrances
  • Ancillary accommodation on the first and second floors
  • Includes private rear Car Park for 4 vehicles
  • VAT is applicable to this property
  • Pedestrianised town centre location
  • Nearby occupiers include Superdrug, Costa, Ladbrokes and Specsavers

Property description

Investment Consideration:
Gross Initial Yield: 6.17%
Rental Income: £18,500 p.a.
VAT is applicable to this property.
Busy Hampshire town. Pedestrianised town centre location.
Comprises a ground floor funeral directors with ancillary accommodation on the first and second floors.
At ground floor level there are two rear entrances, one entrance is opposite the staircase to the first floor.
Includes private rear Car Park for 4 vehicles.
Future development potential for upper parts subject to all necessary consents being obtainable.
Nearby occupiers include Superdrug, Costa, Ladbrokes, Holland & Barrett and Specsavers.

Property Description:
The property comprises a ground floor funeral directors with ancillary accommodation above. The property benefits from a rear car park for 4 cars. At ground floor level there are two rear entrances, one entrance is opposite the staircase to the first floor.

The property provides the following accommodation and dimensions:
Ground Floor: Shop 89.1 sq m (959 sq ft)
First Floor: Ancillary 100.0 sq m (1,076 sq ft)
Second Floor: Ancillary 32.0 sq m (344 sq ft)

Tenancy:
The property is at present let to *Funeral Services Limited t/a Co-Op Funeralcare for a term of 10 years from 17th of February 2017 at a current rent of £18,500 per annum and the lease contains full repairing and insuring covenants. Tenant option to renew until 16/02/2037 and option to determine on 17/02/2022 upon 6 months notice and payment of a 4 month rent penalty (£6,167).
*Note - Tenant not in occupation.

Location:
Gosport is located on the Hampshire south coast, 3 miles west of Portsmouth and 15 miles south of Southampton. The Gosport ferry provides quick access to Portsmouth Harbour Railway Station (regular services to London Waterloo). The property is located in Gosport town centre on the pedestrianised High Street (which holds an active street market), close to its junction with North Cross Street. Gosport Ferry is close by which provides a direct link to Gun Wharf Quays Shopping Centre, Historic Naval Shipyards and Portsmouth Railway Station (ferry service every 15 minutes). There are a number of public car parks close by. Nearby occupiers include Superdrug, hsbc, Lloyds, Costa, Ladbrokes, Holland & Barrett and Specsavers.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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