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
    28/Oct/2020
  • Rent
    £33,750 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 55/59 High Street<br>Gosport<br>Hampshire<br>PO12 1DR
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  • Photos
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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

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(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)
£15,00020/02/2030
(20/02/2025)
55-59
First
Second
Residential
not measured

INDIVIDUAL999 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 £1,000 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

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    5 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    769 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
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Osmond Brookes
Jeremy Braybrooke 023 8000 2020jeremy.braybrooke@osmondbrookes.co.uk
Seller's Solicitors
Debenhams Ottaway LLP 48 Watling Street
Radlett
WD7 7NN
Ruth Boulton 01923 857 171rlb@debenhamsottaway.co.uk

Useful Links

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