Available
Gosport – Co-Op Funeralcare
31 High Street, Gosport, Hampshire PO12 1DFFreehold Funeral Directors Investment with Car Parking
Price
£300,000
Rent P.A.
£18,500
Yield
6.17%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
5y 11m
Area
2,379 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Busy Hampshire town. Pedestrianised town centre location
- Comprises a ground floor funeral directors with ancillary accommodation on the first and second floors
- At ground floor level there are two rear entrances, one entrance is opposite the staircase to the first floor
- Includes private rear Car Park for 4 vehicles
- Future development potential for upper parts subject to all necessary consents being obtainable
- Nearby occupiers include Superdrug, Costa, Ladbrokes, Holland & Barrett and Specsavers
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises a ground floor funeral directors with ancillary accommodation above. The property benefits from a rear car park for 4 cars. At ground floor level there are two rear entrances, one entrance is opposite the staircase to the first floor.
The property provides the following accommodation and dimensions:
Ground Floor: Shop 89.1 sq m (959 sq ft)
First Floor: Ancillary 100.0 sq m (1,076 sq ft)
Second Floor: Ancillary 32.0 sq m (344 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Shop 89.1 sq m (959 sq ft)
First Floor: Ancillary 100.0 sq m (1,076 sq ft)
Second Floor: Ancillary 32.0 sq m (344 sq ft)
Tenancy Description
The property is at present let to *Funeral Services Limited t/a Co-Op Funeralcare for a term of 10 years from 17th of February 2017 at a current rent of £18,500 per annum and the lease contains full repairing and insuring covenants. Tenant option to renew until 16/02/2037 and option to determine on 17/02/2022 upon 6 months notice and payment of a 4 month rent penalty (£6,167).
*Note - Tenant not in occupation
*Note - Tenant not in occupation
Tenancies & Accommodation

Location Description
Gosport is located on the Hampshire south coast, 3 miles west of Portsmouth and 15 miles south of Southampton. The Gosport ferry provides quick access to Portsmouth Harbour Railway Station (regular services to London Waterloo). The property is located in Gosport town centre on the pedestrianised High Street (which holds an active street market), close to its junction with North Cross Street. Gosport Ferry is close by which provides a direct link to Gun Wharf Quays Shopping Centre, Historic Naval Shipyards and Portsmouth Railway Station (ferry service every 15 minutes). There are a number of public car parks close by. Nearby occupiers include Superdrug, HSBC, Lloyds, Costa, Ladbrokes, Holland & Barrett and Specsavers.