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