Residential Development for sale

Whitworth Close, Gosport

Offers in Excess of £3,500,000

Property Description

Key features

  • PROPERTY INVESTMENT PORTFOLIO
  • COMMERCIAL COMPLEX INCLUDES SHOP PREMISES AND SHOWROOM ,2 FLATS ,OFFICE SPACE , YARD AND OUTBUILDING
  • CONVERTED DETACHED HOUSE
  • CURRENT RENTAL VALUE 276000 PA
  • SIGNIFICANT NEW BUILD POTENTIAL
  • TERRACE OF 5 FLATS
  • 3 BLOCKS OF FLATS
  • EXCELLENT RENTAL AND CAPITAL GROWTH POTENTIAL

Full description

Tenure: Freehold

Baily Properties Limited is an Investment Portfolio comprising of Residential, Commercial and what we believe to be, prime Development Land. The business is situated in Gosport, an Historic Naval Town situated on Hampshire's South Coast.

Gosport is attracting significant investment from Local and National business with Government, Local and Central, improving both the infrastructure and environment for development of both business and Leisure.

Baily Properties Limited Portfolio consists of Residential flats: three blocks with six studios in each, a detached house divided into five one bedroom flats, a terrace of one, two and three bedroom flats and 17 garages. The Commercial buildings were previously occupied by a Builders Merchants paying a rent of approximately 500,000 for the use of the Shop premises and Showroom, Yard , Stores and car park. There are a further two, two bedroom flats adjoining the Shop premises and show room with an office, readily convertible to another flat.

The development potential of the Yard, car park and stores is very exciting and would, we understand ,be looked upon favourably by Gosport Borough Council. Clearly it is important that any buyer makes their own enquiries of the Local Authority before a commitment to purchase is made.

The Residential Portfolio has, at the time of writing, a 100% occupancy rate with over 70% of tenant's resident for 2 years or more. We believe that a significant proportion of the rents are currently under market value and would benefit from a rent increase. All of the tenancies are Assured Short hold, have Energy Performance Certificates and Gas Safety Certificates where appropriate.
At present the Residential Portfolio produces an income of approximately 180,000 pa. The Commercial portion of the portfolio is currently vacant.

Opportunities like this are very few and far between. We consider this business to be a good proposition for those looking for an immediate income, an opportunity for growth and with of course the ability to maximise the potential redevelopment of the Commercial Yard.


A breakdown a the portfolio is as follows:

Detached House Linden Grove ,Gosport -5 Flats Income 2530

Chiltern Court ,Lavinia Road ,Gosport - 6 Studios Income 30600pa

Arreton Court ,Lavinia Road ,Gosport - 6 Studios Income 30600pa

Albany Court ,Smith Street ,Gosport - 6 Studios Income 30600pa

Whitworth Road ,Gosport - 5 Flats Income 32100pa

Whitworth Close ,Gosport , - 2 Flats Income 13800pa

Builders Merchants , Fronting Whitworth Road ,access to Yard via Whitworth Close

Garages ,Chiltern Court, Lavinia Road Gosport Income 3600pa

Garages ,Arden Close Gosport Income 1440pa

Garages ,Wilton Close Gosport Income 2880pa

Garages ,Arreton Court ,Smith Street ,Gosport Income 4320pa



Nearest stations

  • Portsmouth Harbour (1.5 mi)
  • Portsmouth & Southsea (2.3 mi)
  • Fratton (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Beals, Southsea

13 Clarendon Road, Southsea, PO5 2ED

02382 200457 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portsmouth Harbour (1.5 mi)
  • Portsmouth & Southsea (2.3 mi)
  • Fratton (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Beals, Southsea

13 Clarendon Road, Southsea, PO5 2ED

02382 200457 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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