128, 128A & 129 High Street
Gosport
Hampshire
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
    40
  • Auction
    16/Jun/2021
  • Rent
    £36,600 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Bank
  • 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

Location
Miles
3 miles west of Portsmouth
15 miles south of Southampton
82 miles south west 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, 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 bank with a self contained 4 bed accommodation on the first and second floors. The property includes 5 car parking at the rear.

VAT

VAT is not applicable to this lot.

Planning

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

Viewings

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

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
GroundBanking
214 sq m
(2,314 sq ft)
SANTANDER UK
PLC (1)
5 years from
25/12/2020
£27,000(24/12/2025)
First &
Second
Residential
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
    27.05.21
    File Size
    808 KB
    View PDF
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    607 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
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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