128, 128A & 129 High Street
PO12 1DT

Attractive Freehold Bank on a New 5 year lease & Residential Investment

  • Ground let to Santander UK PLC on a new 5 year lease (NO Breaks)
  • Bank lease renewal from 25th December 2020
  • VAT-free Investment
  • Self contained 4 bed flat on the upper floors
  • Lot
  • Auction
  • Rent
    £36,600 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
  • Sector
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
Important Update
  • 128, 128A & 129 High Street, Gosport, Hampshire, PO12 1DT
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

3 miles west of Portsmouth
15 miles south of Southampton
82 miles south west of London
A3(M), M27, A32
Portsmouth Harbour Railway Station
Southampton Airport

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, 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




The property comprises a ground floor bank with a self contained 4 bed accommodation on the first and second floors. The property includes 5 car parking at the rear.


VAT is not applicable to this lot.


The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.gosport.gov.uk


There will be no internal viewings of the property due to Covid-19.

Completion Period

Six Week Completion


See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
TenantTermRent p.a.xReversion
214 sq m
(2,314 sq ft)
PLC (1)
5 years from
First &
111 sq m
(1,204 sq ft)
INDIVIDUALAssured Shorthold
Tenancy 24 months
from 21/07/2017
£9,600 (2)Holding Over
- 4 bedrooms

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) Rent Deposit held of £775

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

  • Site Plan
    Updated Date
    File Size
    808 KB
    View PDF
  • Catalogue Page
    Updated Date
    File Size
    607 KB
    View PDF
  • Common Auction conditions
    Updated Date
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF


Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP
Ashley Raine 0161 934 6241Ashley.Raine@addleshawgoddard.com

Useful Links

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