43 / 44 High Street
Gosport
Hampshire
PO12 1DN

Town Centre Freehold Bank Investment with Development Potential (1)

  • Pedestrianised High Street Location
  • Let to Barclays Bank UK Plc
  • Comprises over 5,000 sq ft
  • Lease expires 2027 (2)
  • VAT-free investment
  • Adjacent public car park & close to Gosport Marina
  • Lot
    12
  • Auction
    24/Sep/2021
  • Rent
    £43,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
Important Update
  • 43 / 44 High Street, Gosport, Hampshire, PO12 1DN
  • 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. 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

Tenure

Freehold.

Description

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

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

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
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)
£43,00025/12/2023
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 £1,000 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
    03.09.21
    File Size
    768 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    915 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

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
YVA Solicitors YVA House, 811 High Road
North Finchley
London
N12 8JT
0208 445 9199
Michael Votsis 0208 445 9898mvotsis@yvasolicitors.com

Useful Links

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