Freehold Funeral Directors Investment with Car Parking
Pedestrianised town centre location
Let to Funeral Services Limited t/a Co-Op Funeralcare
Includes private rear Car Park
Busy Hampshire town
Nearby occupiers include Superdrug, Costa, Ladbrokes, Holland & Barrett and Specsavers
Lot 1
Auction 9th July 2020
Rent £18,500 per Annum Exclusive
Status Sold
Price £237,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles west of Portsmouth
15 miles south of Southampton
82 miles south 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 (which holds an active street market), 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 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 (which holds an active street market), 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 funeral directors with ancillary accommodation above. The property benefits from a rear car park for 4 cars.
VAT
VAT is applicable to this lot.
Planning
The upper floors of the property may benefit from conversion to residential use, subject to the current occupation and all the necessary consents/permissions. Interested parties are referred to www.gosport.gov.uk/planning
EPC
Band D. See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor funeral directors with ancillary accommodation above. The property benefits from a rear car park for 4 cars.
VAT
VAT is applicable to this lot.
Planning
The upper floors of the property may benefit from conversion to residential use, subject to the current occupation and all the necessary consents/permissions. Interested parties are referred to www.gosport.gov.uk/planning
EPC
Band D. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First Second
Retail Ancillary Ancillary
89.1 sq m 33.5 sq m 32.0 sq m
(959 sq ft) (360 sq ft) (344 sq ft)
Funeral Services Limited t/a Co- Op Funeralcare (1)
10 years from 17/02/2017 on a full repairing and insuring lease (2)
£18,500
17/02/2022
Total
154.60 sq m
(1,663 sq ft)
£18,500
(1) The Co-Op Funeralcare is a trading name of Funeral Services Limited. Part of The Co-Op Group (2) Tenants option to renew until 16/02/2037. Tenants option to determine on 17/02/2022 upon 6 months notice and payment of a 4 month rent penalty (6,167).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
