**UNDER OFFER**

Shop/Retail unit For Sale in Gosport

Mixed Use Investment

11 North Cross Street Gosport Hampshire PO12 1BE

Ground Floor: 129 sq.m/1,385 sq.ft
Total Floor Area: 129 sq.m/1,385 sq.ft




Last updated: 06 Jan 2022 Ref: 11NorthCrossStre

Property Description

This prominent end of terrace, three storey building, is configured to provide three retail units on the ground floor (11 A-B have been combined into one single unit) with two apartments on the upper floors. The apartments benefit from independent access from the rear of the property. Flat 1 - First floor apartment configured to provide 3 bedrooms, living room, kitchen and bathroom and separate toilet room let on a Assured shorthold tenancy (AST) at a rent of £ 7, 560 per annum. Flat 2 - 2nd floor apartment configured to provide 3 bedrooms, living room, kitchen and bathroom and separate toilet room let on a Assured shorthold tenancy (AST) at a rent of £ 7, 560 per annum. 11 North Cross Street - Ground floor retail unit currently let on a 5 year lease, full repairing and insuring, at a rent of £4,500 plus VAT per annum. Unit 11 A / B north Cross Street - Ground floor retail unit currently let on a 5 year lease, full repairing and insuring, at a rent of £10,500 plus VAT per annum. Total income: £30,120 plus VAT per annum. Awaiting EPC.

Specification and floor areas

  • Net Internal Floor Area
Measurementimperialmetric
Ground Floor1,385 sq.ft129 sq.m
Total Floor Area 1,385 sq.ft 129 sq.m

Financials

For sale: (subject to contract)

  • Price £350,000 equating to £253 psf

Agent's Disclaimer

For the Lessors or Vendors of this instruction, whose Agents they are, give notice that; These particulars are set out as general guidance only to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Lessees, Purchasers or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Holloway Iliffe & Mitchell has any authority to make any representation or warranty whatsoever in relation to this property.


There are no plans available to view for this property. Contact the agent for further information.

Property Location

North Cross Street is situated very close to the main pedestrianised section of Gosport Town Centre and is accessed off the A32 which is the main arterial route into and out of Gosport. This ultimately links up with the M27 to the north via Fareham. Gosport is also easily accessed by ferry across Portsmouth Harbour, with the ferry terminals situated a short walk from the High Street and the shop.

Map



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Agents Contact Details

Name: Simon Hake
Company: Holloway Iliffe & Mitchell
Address: 10 Acorn Business Park Northarbour Road Portsmouth Hampshire PO6 3TH
Email:
Email the agent
Direct Dial: (023) 9237 7800
Mobile: (023) 9237 7800





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