Description
Mixed Use Investment
Total Size: 136 sq m (1,464 sq ft)
Location
Gosport is located on the south coast approximately three miles south west of Portsmouth, six miles south east of Fareham and 15 miles south east of Southampton.
The property is situated on the eastern side of High Street which is the main shopping area within Gosport and is fully pedestrianised. Nearby occupiers include Shoe Zone, British Heart Foundation, Superdrug and Halifax.
Planning
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
We understand that the property is not elected for VAT.
Accommodation
The property comprises a self-contained ground floor retail unit with a large two bedroom maisonette above. The accommodation has the following approximate floor areas:
Ground floor shop 47 sq m (506 sq ft)
Maisonette 89 sq m (958 sq ft)
Total 136 sq m (1,464 sq ft)
Business Rates / Council Tax Band
Rateable Value (2017): £9,100
Council Tax Band: A
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).
EPC
We understand the property has the following EPC ratings:
Ground floor shop: C
Maisonette: D
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The ground floor retail unit is let to Vodafone Ltd (D and B rating 5A 2) for a term of five years from 23 October 2019 on an effectively full repairing and insuring lease. The passing rent is £11,000 pax. The tenant has an option to determine the lease on 22 October 2022.
The maisonette is let on an AST at a rent of £9,060 per annum.
Therefore, the total rent is £20,060 per annum.
We have been instructed to market the property subject to the above tenancies and quote a price of £300,000 for the freehold interest, subject to contract.
( Agency Pilot Software ref: 3895 )
