Offers over
£240,000
(£75.31/sq. ft)
Retail premises for saleHigh Street, Gosport PO12
3,187 sq. ft
Just added
About this property
Town Centre Location
Ground Floor Retail
Held on F.R.I Lease
Let to Savers
Expiry: May 2031
Passing Rent: £25,000p.a.x
Price: O/o £240,000
Location
The property is situated on the north side of High Street within the main retailing thoroughfare of the town of Gosport.
Gosport is a town located in Hampshire, England, situated on the southern coast of the country, along the eastern side of the Solent, across from the city of Portsmouth. It has a rich history, especially as a naval town. The town is well connected by road and sea. A regular ferry service connects Gosport to Portsmouth, making it easily accessible for both locals and visitors. The town is also close to the M27 motorway, offering good links to other parts of the region.
Neighbouring occupiers include Poundworld, Lloyds, Post Office and Travel Lodge
Property
The property forms the ground floor of a larger commercial development over 4 stories.
The property offers a large display frontage with pedestrian door access of aluminium framed and glazed construction.
Internally the property is presented in an open plan layout with main retailing space to the front and partition’s to the rear to form stores, staff facilities and office.
Area
296.1sqm (3,187sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease in the following terms;
Tenant: Savers Health and Beauty Ltd
Expiry: 12th May 2031
Tenant Break: May 2029
Passing Rent: £25,000p.a.x
Covenant Info: For the year ending 30th December 2023 Savers Health and Beauty Ltd reported a turnover of £754.82m with a pre-tax profit of £61.25m and shareholder funds of £142.13m
Sale
Our client will dispose of their interest for o/o £240,000
Ground Lease
The property is held on a ground lease expiring 8th May 3018 at a peppercorn rent
V.A.T.
The property has been elected for V.A.T. As such the transaction may be treated as a T.O.G.C (transfer of a going concern)
Legal
Each party shall bear their own legal costs incurred in the transaction
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time
Ground Floor Retail
Held on F.R.I Lease
Let to Savers
Expiry: May 2031
Passing Rent: £25,000p.a.x
Price: O/o £240,000
Location
The property is situated on the north side of High Street within the main retailing thoroughfare of the town of Gosport.
Gosport is a town located in Hampshire, England, situated on the southern coast of the country, along the eastern side of the Solent, across from the city of Portsmouth. It has a rich history, especially as a naval town. The town is well connected by road and sea. A regular ferry service connects Gosport to Portsmouth, making it easily accessible for both locals and visitors. The town is also close to the M27 motorway, offering good links to other parts of the region.
Neighbouring occupiers include Poundworld, Lloyds, Post Office and Travel Lodge
Property
The property forms the ground floor of a larger commercial development over 4 stories.
The property offers a large display frontage with pedestrian door access of aluminium framed and glazed construction.
Internally the property is presented in an open plan layout with main retailing space to the front and partition’s to the rear to form stores, staff facilities and office.
Area
296.1sqm (3,187sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease in the following terms;
Tenant: Savers Health and Beauty Ltd
Expiry: 12th May 2031
Tenant Break: May 2029
Passing Rent: £25,000p.a.x
Covenant Info: For the year ending 30th December 2023 Savers Health and Beauty Ltd reported a turnover of £754.82m with a pre-tax profit of £61.25m and shareholder funds of £142.13m
Sale
Our client will dispose of their interest for o/o £240,000
Ground Lease
The property is held on a ground lease expiring 8th May 3018 at a peppercorn rent
V.A.T.
The property has been elected for V.A.T. As such the transaction may be treated as a T.O.G.C (transfer of a going concern)
Legal
Each party shall bear their own legal costs incurred in the transaction
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time
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