Retail premises for sale in High Street, Gosport PO12

£450,000 (£97.34/sq. ft)
Retail premises for sale 4,623 sq. ft*
Interested in this property? Call +44 23 8210 0395 * or Request Details

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Property features

  • Freehold retail investment for sale
  • Excellent High Street position
  • Three ground floor shops
  • Two let and producing £33,000 pa on existing leases
  • One vacant and fully refurbished – 1526 sq ft
  • Rear access to all units
  • Upper parts sold off on 125 year lease
  • Potential yield over 10.5%
  • Price £450,000 + VAT

Property description

It comprises three ground floor Class E shop properties within a three storey building where the two upper floors have been sold off and are soon to be converted into residential. No 55 trades as Card Factory and has a total ground floor area of some 1900 sq ft. No 57 is vacant, fully refurbished to a shell finish with ceiling and lighting, totalling about 1526 sq ft, while No 59 trades as vpz Vaping from a total area of 1197 sq ft. All three units have rear loading access.


Price


The freehold investment is for sale as a togc subject to the subsisting leases at a price of £450,000 plus VAT representing a potential net yield of over 10%, assuming the vacant unit is let at £12,500 pa.<br /><br />Gosport is a thriving Hampshire town to the south of Fareham, roughly 4 miles west of Portsmouth and about 11 miles from Southampton, with a population of approx. 85,000.

Other occupiers of note within the property’s immediate vicinity include New Look, Superdrug, Hays Travel, Vodafone and W H Smith, plus a new 54 bed Travelodge. This freehold investment occupies a prime location on the pedestrianized high street and is located less than half a mile from Gosport ferry terminal, which offers a frequent service into Central Portsmouth.

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
Trinity Rose Commercial, SO53 on +44 23 8210 0395 * (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 Trinity Rose Commercial, and do not constitute property particulars. Please contact Trinity Rose Commercial 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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