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70 Gregson Ave 657 sq ft Retail Property Gosport PO13 0UR £280,000 (£426.18/sq ft) 6.29% Net Initial Yield
Investment Highlights
- Occupies a prominent position within this established local shopping centre
- Heavy daytime foot traffic
- Good communications via the M27 (J11)
Executive Summary
The takeaway is at present let to an Individual for a term of 20 years from 12th September 2024 at a current rent of £9,100 per annum and the lease contains full repairing and insuring covenants. Rent review every 5th year open market upward only. No breaks. The residential flat is at present let on AST to an Individual (Holding Over) at a current rent of £8,520 p.a. The flat is occupied by the commercial tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
657 sq ft
Costar Property Class
B
Year Built
1965
Price
£280,000
Price per sq ft
£426.18
Yield
6.29%
NOI
£17,612
Tenancy
Single
Number of Floors
3
Plot ratio
0.35
Total Plot Size
0.04 ac
Parking
4 Spaces (6.09 Spaces per 1,000 sq ft Leased)
Frontage
13 ft on Gregson Avenue
Amenities
- Bus Route
- Commuter Rail
- Storage Space
1 1
Nearby Major Retailers
1 of 2
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70 Gregson Ave
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