31 High Street
Gosport
Hampshire
PO12 1DF

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
    09/Jul/2020
  • Rent
    £18,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £235,000 - £240,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 31 High Street<br>Gosport<br>Hampshire<br>PO12 1DF
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
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)
£18,50017/02/2022
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.07.20
    File Size
    9 MB
    Login to View
  • Site Plan
    Updated Date
    22.06.20
    File Size
    533 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.06.20
    File Size
    582 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Trethowans London Road, Office Park
Salisbury
SP1 3HP
David Jones 01722 426 955david.jones@trethowans.com

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