Modern Retail Investment in popular South East coastal town
Modern Retail Investment in popular South East coastal town
The property is situated opposite a small retail parade on St Albans Road and serves a wide catchment in a densely populated residential area, close to local schools, an industrial estate and business park.
Long Leasehold. Long Leasehold. Held from Gosport Council for a term of 99 years from 1962 at fixed rent of £150 per annum.
The property is situated opposite a small retail parade on St Albans Road and serves a wide catchment in a densely populated residential area, close to local schools, an industrial estate and business park.
Long Leasehold. Long Leasehold. Held from Gosport Council for a term of 99 years from 1962 at fixed rent of £150 per annum.
The property comprises a detached purpose built convenience store with ground floor retail accommodation and first floor staff accommodation to the rear. In addition the property benefits from gated side access for loading.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a detached purpose built convenience store with ground floor retail accommodation and first floor staff accommodation to the rear. In addition the property benefits from gated side access for loading.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
237 sq m 18.73 sq m |
(2,551 sq ft) (201 sq ft) |
SOUTHERN CO-OPERATIVES LTD (1) |
15 years from completion of the sale until 2027, on a full repairing and insuring lease |
£28,000 | 29/03/2017 and 5 yearly |
| Totals | 255.73 sq m |
(2,752 sq ft) |
£28,000 | ||||
For the year ending 30/01/2010 Southern Co-Operatives Limited reported a turnover of £264,470,000, a pre-tax profit of £28,305,000 and a total net worth of £72,065,000. (Source www.riskdisk.co.uk 25/01/2012)
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