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Mixed Use Property For Sale 11 North Cross Street, Gosport, PO12 1BE

  • Size:
    1,385 sq ft / 129 sq m
  • Usage:
    Sui - Generis
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Mixed Use
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

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.

Terms
Guide price for the freehold interest £350,000 (reduced price from £375,000)

EPC
11 North Cross Street - D (85)
11 A/B North Cross Street - C (68)
Flat 1, 11 North Cross Street - D (64)
Flat 2, North Cross Street - D (56)

Business Rates
You are advised to check the rates payable with the local council before making a commitment.

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.

The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.

 

Contact Holloway Iliffe & Mitchell

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