55/59 High Street Gosport Hampshire PO12 1DR

55/59 High Street
Gosport
Hampshire
PO12 1DR

Freehold Retail Parade Investment

Prominent High Street Location
Three Ground Floor Retail Units
Tenants include Card Factory and VPZ
Asset Management Opportunity to let vacant shop
Nearby Occupiers Include Superdrug, Boots, Poundland, Barclays, Costa Coffee and Holland & Barrett

Lot
34
Auction
28th October 2020
Rent
£33,750 per Annum Exclusive
Status
Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Important Update

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Freehold Retail Parade Investment

Prominent High Street Location
Three Ground Floor Retail Units
Tenants include Card Factory and VPZ
Asset Management Opportunity to let vacant shop
Nearby Occupiers Include Superdrug, Boots, Poundland, Barclays, Costa Coffee and Holland & Barrett

Lot 34
Auction 28th October 2020
Rent £33,750 per Annum Exclusive
Status Withdrawn Prior
Price
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

The Gosport ferry provides quick access to Portsmouth Harbour Railway Station (regular services to London Waterloo) as well as Gun Wharf Quays Shopping Centre and Historic Naval Shipyards. The property is located in Gosport Town Centre on the pedestrianised High Street (which holds an active street market). There are a number of public car parks close by. Nearby occupiers include Superdrug, Boots, Poundland, Barclays, Costa Coffee and Holland & Barrett.

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

Tenure

Freehold.

Description

The property comprises three ground floor retail units with the first and second floors sold off on a 999 year lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

The property comprises three ground floor retail units with the first and second floors sold off on a 999 year lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
55 Ground	Retail/ Ancillary	175.95 sq m	(1,894 sq ft)	SPORTSWIFT LIMITED t/a Card Factory (1)	5 years from 29/09/2019	£18,750	(28/09/2024)
57 Ground	Retail	141.77 sq m	(1,526 sq ft)	VACANT POSSESSION
59 Ground	Retail	106.55 sq m	(1,147 sq ft)	CCHG LIMITED t/a VPZ (2)	10 years from 21/02/2020 (3)	£15,000	20/02/2030 (20/02/2025)
55-59 First Second	Residential	not measured		INDIVIDUAL	999 years from 10/06/2019	Peppercorn	(09/06/3018)
Total		424.27 sq m	(4,567 sq ft)			£33,750

(1) For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and shareholders funds of £27,574,000 (Source: SmartSearch 30/09/2020).
(2) For the year ending 31st December 2018, CCHG Limited reported a turnover of £26,397,173, pre-tax profits of £1,441,487 and shareholders funds of £4,781,750 (Source: SmartSearch 30/09/2020).
(3) The lease provides for a tenant option to determine in 2023 and 2025.

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.