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
Measurement | imperial | metric |
Ground Floor | 1,385 sq.ft | 129 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.
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