TYPERetail - High Street, Healthcare, Leisure Property, Other, Restaurants/Cafes, Pubs/Bars/Clubs, Land, Retail, Other Property Types & Opportunities, Licensed & Leisure, Commercial Land
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON30th April 2023
Description
Description
Former Pub with Residential Development Opportunities Total GIA - 543 sq m (5,845 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. Gosport links directly to Portsmouth via a pedestrian ferry that runs throughout the day with a journey time of four minutes. The A32 (Fareham Road) is the principal arterial route to Gosport and provides good access to the M27 at junctions 10 and 11, which in turn links to the M3 at Southampton and the A3(M) at Havant.
The property is situated on northern side of Stoke Road, less than a mile west of the town centre. The Stoke Road District Centre provides a mix of specialist and local retail and services. It generally consists of independent traders and national supermarket chain.
Planning
The existing use is currently a Public House.
In 2019 planning was submitted for "proposed part demolition and alterations in connection with the change of use to form 7 No. one bed apartments and 1 No. retail unit" which has since been disposed of.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Accommodation
The property comprises a former Public House and ancillary accommodation with an approximate GIA of 543 sq m (5,845 sq ft).
Internally, the public bar and function rooms to the front have been opened up whilst kitchen, storage, toilets and ancillary accommodation are located towards the rear.
Externally, there is an outdoor seating area is located behind the mural screen at the front. To the rear are flat roof extensions and metal fire escape staircase beyond which is an unkempt yard used for storage, beer garden and parking.
Business Rates / Council Tax Band
Future Rateable Value (2023): £7,800.
The occupier may be entitled to 100% Small Business Rate relief.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).
EPC
To be assessed.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
We have been instructed to market the property with vacant possession and seek offers in the region of £450,000 for the freehold interest subject to contract. ( Agency Pilot Software ref: 4315 )