129 Stoke Road, Gosport, PO12 1SD Investment Summary Gosport is an established coastal town situated on a peninsular to the west of Portsmouth Harbour and the city of Portsmouth.
Located 0.5 miles west of Gosport town centre and 6.3 miles south of junction 11 of the M27.
Let to the substantial 5A 1 Dun & Bradstreet covenant of Waitrose Limited until 16th July 2025 (5.83 years unexpired). Waitrose have been in occupation since 1973.
Passing rent of £220,000 per annum (£9.19) with a fixed uplift to £250,000 (£10.44) in July 2020.
Large site area of 0.88 acres.
Potential to consider long term redevelopment of the site, subject to necessary planning consent. The adjoining building 133 Stoke Road has permission under permitted development to be converted to 18 one-bedroom residential flats.
We are instructed to seek offers in excess of £2,500,000 (Two Million Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects anet initial yield of 8.27%, a reversionary yield of 9.40% (July 2020) and after purchaser costs of 6.38%.
129 Stoke Road, Gosport, PO12 1SD Petersfield M3 A32
A3057 Eastleigh A3 M27 B3354 Droxford SOUTHAMPTON South Downs AIRPORT National Park M271 B2150 Location A32
A334 SOUTHAMPTON Hedge End Gosport is a coastal town in South Hampshire, situated on a A3(M) Wickham peninsular to the west of Portsmouth Harbour and the city of Waterlooville Portsmouth to which it is linked by the Gosport Ferry.
Hythe M27 A326 A27 The town is located approximately 13 miles south west of
Fareham A27 Portsmouth, 19 miles south east of Southampton and 6 miles south Havant Titchfield Portchester Cosham east of Fareham.
M275 A32 Chichester The Solent The property benefits from good road communications with the Blackfield PORTSMOUTH Harbour AONB Stoke Road linking north via the A32 Forton Road to junctions 10 Lee on the Solent and 11 of the M27. The M27 in turn provides access west to the M3 at North Solent Hayling Island National Southampton and east to the A3(M) at Havant. Nature Reserve GOSPORT Alverstoke Portsmouth Harbour railway station, accessed via the Gosport Ferry, The Solent Cowes provides a fastest journey time to London Waterloo in 1hr 36 mins.
Southampton International Airport is 20 miles to the north west,
ISLE OF WIGHT providing domestic, european and international flights.
Ro al Clarence Marina National M se m A 3 of t e Ro al Nav 2
N ST EE FORT ON ROA D D A Situation O A3 R 2
H Gosport T
S AD Portsmo t 2 R RO Marina P M M Y 1 O The subject property is situated 0.5 miles west of Gosport town R Gosport