Property for sale

This freehold investment opportunity is situated close to the commercial centre of Gosport, fronting Stoke Road and with rear access onto Jamaica Place.

The ground floor has previously been arranged as two separate small shop units but these are interconnected at the present time via an internal arch to suit the current occupiers requirements. The flat on the first and second floors is let to the same tenant under a separate residential tenancy agreement and comprises a two bedroom flat which is in need of some upgrading and refurbishment.

The rents for the shop and the flat have not been increased since the current tenant took up occupancy in 2004. To the rear there is a substantial store which fronts Jamaica Place. Planning consent has been obtained for demolition of this building and replacement with a new two bedroom house with garage.

Commercial
Ground Floor
Both have a main sales/trading area, rear stores and the right hand shop has a staff cloakroom with W.C.

EPC Rating
C (65). Total Floor Area 88 sq.m.

Residential
First Floor Flat
Entrance hall, living room, kitchen, bathroom with W.C.

Second Floor
Landing and two bedrooms.

EPC Rating D

Outside
Small courtyard garden.

Brick Built Store
Two storeys to the front and single storey to the rear, last in use as a solicitors store/archive.

Planning
Planning Permission has been granted by Gosport Borough Council under Ref: 24/00001/FUL demolition of the existing building and erection of a two storey building 1 NO. two bedroom dwelling with inbuilt garage associated bin and cycle storage (conservation area) (as amended by plans and supporting information received 24.06.24, 15.07.24, 13.03.25, and 19.03.25 subject to conditions).

Tenancy
Commercial
Let on a commercial lease from 2004 at a current rental of £3,750 per annum.

Residential
Let on an Assured Shorthold Tenancy from 2004 at a current rental of £450 per calendar month.

Council Tax Band B

Residential EPC: D

Commercial EPC: C

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to