55/59 High Street Gosport Hampshire PO12 1DR

55/59 High Street
Gosport
Hampshire
PO12 1DR

Freehold Retail Parade Investment

  • Three ground floor shops let to Card Factory, VPZ and tenant to be trading as Koi Hut
  • New 15 year lease on letting to Koi Hut (subject to options)
  • Prominent Retail Parade on High Street Location
  • Nearby occupiers include Poundland, Superdrug, The Works, New Look and Vodafone
  • Lot
    30
  • Auction
    4th November 2021
  • Rent
    £46,250 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Parade Investment

  • Three ground floor shops let to Card Factory, VPZ and tenant to be trading as Koi Hut
  • New 15 year lease on letting to Koi Hut (subject to options)
  • Prominent Retail Parade on High Street Location
  • Nearby occupiers include Poundland, Superdrug, The Works, New Look and Vodafone
  • Lot 30
  • Auction 4th November 2021
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

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 Poundland, Superdrug, The Works, New Look and Vodafone.

Tenure

Freehold.

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 Poundland, Superdrug, The Works, New Look and Vodafone.

Tenure

Freehold.

Description

The property comprises three ground floor retail units with the first and second floors sold off on a 999 year lease.
The footpath adjacent 55 High Street, is not included in the sale.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Description

The property comprises three ground floor retail units with the first and second floors sold off on a 999 year lease.
The footpath adjacent 55 High Street, is not included in the sale.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Address Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
55 High
Street
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 -
57 High
Street
Ground Retail
141.77 sq m
(1,526 sq ft)
M. E. EAMES to
t/a Koi Hut
15 years from
14/09/2021 (2)
£12,500 14/09/2026
and five yearly
thereafter
59 High
Street
Ground Retail
106.55 sq m
(1,147 sq ft)
CCHG LIMITED
t/a VPZ (3)
10 years from
21/02/2020 (4)
£15,000 20/02/2025
55-59
High
Street
First &
Second
Residential
-
(-)
BLUEBIRD
COURT LIMITED
999 years from
10/06/2019 until
09/06/3018
Peppercorn -
Total
424.27 sq m
(4,567 sq ft)     £46,250  

(1) For the year ending 31/01/2020, Sportswift Limited reported a turnover of £433,400,000, pre-tax profits of £67,672,000 and total shareholders equity of £53,736,000 (Source: NorthRow 28/09/2021).
(2) The lease provides for a tenant option to determine in September 2026 and 2031. Under the terms of the lease, the tenant benefits from six months rent free. The Vendor has agreed to top up the completion monies so that the property produces £12,500 pa from completion of the sale until the end of the concessionary period. See legal pack for full details. A rent deposit equivalent to 4 months rent is held by the Vendor.
(3) For the year ending 31/12/2020, CCHG Limited reported a turnover of £25,911,415, pre-tax profits of £19,337 and total shareholders equity of £13,990,191 (Source: NorthRow 28/09/2021).
(4) 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Site Plan
    Updated Date
    15.10.21
    File Size
    852 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    560 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

Associate AuctioneersJeremy Braybrook 07500 872832j.braybrooke@trinity-rose.co.uk
Seller's Solicitors
Debenhams Ottaway LLP 48 Watling St
Radlett
WD7 7NN
Kat McDonagh 01293 289916KHM@debenhamsottaway.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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