Attractive Freehold Bank on a New 5 year lease & Residential Investment
Ground let to Santander UK PLC on a new 5 year lease (NO Breaks)
Bank lease renewal from 25th December 2020
VAT-free Investment
Self contained 4 bed flat on the upper floors
Lot 29
Auction 21st July 2021
Rent £36,600 per Annum Exclusive
Status Sold
Price £400,000
Sector Bank
Auction Venue Live Streamed Auction
On Instructions of a Major Property Company
Property Information
Location
Miles
3 miles west of Portsmouth
15 miles south of Southampton
82 miles south west of London
Roads
A3(M), M27, A32
Rail
Portsmouth Harbour Railway Station
Air
Southampton Airport
Situation
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, 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
Tenure
Freehold.
Location
Miles
3 miles west of Portsmouth
15 miles south of Southampton
82 miles south west of London
Roads
A3(M), M27, A32
Rail
Portsmouth Harbour Railway Station
Air
Southampton Airport
Situation
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, 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
Tenure
Freehold.
Description
The property comprises a ground floor bank with a self contained 4 bed accommodation on the first and second floors. The property includes 5 car parking at the rear.
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.gosport.gov.uk
Viewings
There will be no internal viewings of the property due to Covid-19.
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor bank with a self contained 4 bed accommodation on the first and second floors. The property includes 5 car parking at the rear.
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.gosport.gov.uk
Viewings
There will be no internal viewings of the property due to Covid-19.
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Banking
214 sq m
(2,314 sq ft)
SANTANDER UK PLC (1)
5 years from 25/12/2020
£27,000
(24/12/2025)
First & Second
Residential
111 sq m
(1,204 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy 24 months from 21/07/2017
£9,600 (2)
Holding Over
- 4 bedrooms
Total
325 sq m
(3,518 sq ft)
£36,600
(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021). (2) Rent Deposit held of £775
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.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square Manchester M2 3DE
