Waitrose

Well let South East supermarket investment opportunity

Gosport is strategically located within Hampshire, with excellent communication links to the nearby cities Southampton and Portsmouth, and is approximately 80 miles south west of central London.

Gosport is a well-connected location, positioned close to the M27 and Fareham train station

Gosport has a large and captive catchment with over 435,000 people living within 30 minutes’ drive of the subject property.

Growing catchment population with significant housing development nearby  The population is expected to increase by 3.27% over the next 10 years.

Limited competition with the nearest M&S located 3 miles north west of the subject property and the nearest Waitrose is located over 10 miles to the north west.

An accessible, purpose built, semi-detached 2-storey foodstore, totalling 23,957 sq ft across ground and first floors, with 80 dedicated customer car parking spaces.

Fully let to secure 5A 2 covenant, Waitrose Ltd, on a 10 year lease, expiring on 16 July 2025.

Current passing rent of £250,000 per annum, reflecting an affordable rent per sq ft of £10.44.

Use Class Open A1, now categorised as Use Class E.

Freehold.

We are instructed to seek offers in excess of £2,764,000 (Two Million, Seven Hundred and Sixty Four Thousand Pounds), subject to contract and exclusive of VAT.