Freehold Retail Parade Investment
Freehold Retail Parade Investment
The Gosport ferry provides quick access to Portsmouth Harbour Railway Station (regular services to London Waterloo) as well as Gun Wharf Quays Shopping Centre and Historic Naval Shipyards. The property is located in Gosport Town Centre on the pedestrianised High Street (which holds an active street market). There are a number of public car parks close by. Nearby occupiers include Superdrug, Boots, Poundland, Barclays, Costa Coffee and Holland & Barrett.
Freehold.
The Gosport ferry provides quick access to Portsmouth Harbour Railway Station (regular services to London Waterloo) as well as Gun Wharf Quays Shopping Centre and Historic Naval Shipyards. The property is located in Gosport Town Centre on the pedestrianised High Street (which holds an active street market). There are a number of public car parks close by. Nearby occupiers include Superdrug, Boots, Poundland, Barclays, Costa Coffee and Holland & Barrett.
Freehold.
The property comprises three ground floor retail units with the first and second floors sold off on a 999 year lease.
VAT is applicable to this lot.
Six Week Completion
See legal pack.
The property comprises three ground floor retail units with the first and second floors sold off on a 999 year lease.
VAT is applicable to this lot.
Six Week Completion
See legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| 55 Ground |
Retail/ Ancillary |
175.95 sq m |
(1,894 sq ft) |
SPORTSWIFT LIMITED t/a Card Factory (1) |
5 years from 29/09/2019 |
£18,750 | (28/09/2024) |
| 57 Ground |
Retail | 141.77 sq m |
(1,526 sq ft) |
VACANT POSSESSION |
|||
| 59 Ground |
Retail | 106.55 sq m |
(1,147 sq ft) |
CCHG LIMITED t/a VPZ (2) |
10 years from 21/02/2020 (3) |
£15,000 | 20/02/2030 (20/02/2025) |
| 55-59 First Second |
Residential | not measured |
INDIVIDUAL | 999 years from 10/06/2019 |
Peppercorn | (09/06/3018) | |
| Total |
424.27 sq m |
(4,567 sq ft) | £33,750 | ||||
(1) For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and shareholders funds of £27,574,000 (Source: SmartSearch 30/09/2020).
(2) For the year ending 31st December 2018, CCHG Limited reported a turnover of £26,397,173, pre-tax profits of £1,441,487 and shareholders funds of £4,781,750 (Source: SmartSearch 30/09/2020).
(3) The lease provides for a tenant option to determine in 2023 and 2025.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
