Land / Car Park At Gunners Way, Gosport, Hampshire, PO12 4DS

Description

Gosport is a large town within southern Hampshire, situated 5 miles south of Fareham and 15 miles southeast of Southampton. The A32 provides access from Fareham in the north, with further access to the M27.
The site is situated in Gunners Way in an established industrial location, at the junction of Alphage Road & Gunners Way.

The site comprises a mainly tarmac surfaced level car park, currently used by "The Range" for staff and over-flow parking.
The boundary is partially fenced, but otherwise open and unsecured.
The site is accessed off Alphage Road, which leading northwards onto Wingate Road, serving the industrial estate.

Accommodation

Total Gross Area 0.68 Acres

Planning

The site is believed to have alternative use potential for Industrial Open Storage (IOS) Class B8, subject to any necessary consents.
The site is considered to have development potential for some form of Class E, Class B2 or B8 uses subject to planning.

Terms

Un-conditional offers are sought in the region of £500,000 subject to and with the benefit of the subsisting tenancy as outlined.
We understand VAT is not applicable however all parties are advised to make their own enquiries into the matter.

Investment For Sale

0.681 Acres Surfaced Car Park

Future Development Potential

Scope for Industrial Open Storage (IOS)

Let until 2029 to "The Range"

Highly reversionary income

Guide Price £500,000

The site is subject to a lease dated 14 June 2005, made between Southern Co-Operative (as landlords) and CDS(Superstores International) Ltd (as tenants) for a term expiring 20th June 2029, reserving a current passing rent of £4,490.91 per annum.
There is an outstanding potential rent review from 2024 on an index linked basis.
Current user - Car park and recycling centre ancillary to superstore at 1 Gunners Way.
The lease is outside the security of tenure of the L&T Act 1954.