Sold
Gosport – Freehold Forecourt & Convenience Store Investment
Fareham Road, Gosport, PO13 0XL
Offers in excess of £2,875,000
- Property Type:
- Commercial
- Sub Type:
- Retail
- Tenure:
- Freehold
- Net Initial Yield:
- 5.50%
Description
- Highly visible Petrol Station Forecourt with large food store located on the busy A32 between Gosport and Fareham
- Comprising of 3,333 sq ft of retail accommodation, 6 petrol pumps and car wash on a 0.6-acre corner site
- Gosport is a popular coastal town in the South East of England located on the western side of Portsmouth Harbour
- The forecourt services the very busy A32 road, with little competition, being the final fuel station before the M27 motorway
- Producing an income of £168,169 per annum subject to fixed annual uplifts of 2%
- Let until June 2032 with no break option – unexpired term of 11.4 years
- Let to Rontec Properties (No. 4) Limited, guaranteed by Rontec Roadside Retail Limited
- Additional guarantee by Co-operative Group Food Limited
- Estimated retail sales of £1.2m per annum and fuel volume of 3.6m litres per annum
- Freehold