Town Centre Freehold Bank Investment with Development Potential (1)
Town Centre Freehold Bank Investment with Development Potential (1)
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. Minnitt Road Car Park is adjacent to the rear of the property. 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
Freehold.
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. Minnitt Road Car Park is adjacent to the rear of the property. 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
Freehold.
The property comprises a ground floor banking hall, with office and ancillary accommodation on the first and second floors. The rear of the property is accessed from Minnitt Road.
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
Six Week Completion
See legal pack at www.acuitus.co.uk
The property comprises a ground floor banking hall, with office and ancillary accommodation on the first and second floors. The rear of the property is accessed from Minnitt Road.
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
Six Week Completion
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Banking Offices/Ancillary Ancillary |
167.41 sq m 171.30 sq m 132.40 sq m |
(1,802 sq ft) (1,844 sq ft) (1,425 sq ft) |
BARCLAYS BANK UK PLC (3) |
20 years from 27/04/2007 on a full repairing and insuring lease (2) (4) |
£43,000 | 25/12/2023 |
| Total |
471.11 sq m |
(5,071 sq ft) |
£43,000 | ||||
(2) Subject to a tenant option to determine on 26/04/2024.
(3) In the latest annual report, Barclays Bank PLC reported a group income of £21,800,000,000 and group pre-tax profits of £6,200,000,000 (www.home.barclays)
(4) Let on a full repairing & insuring lease, subject to a Schedule of Condition.
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.
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