*** PROPERTY INVESTMENT PORTFOLIO *** SIGNIFICANT NEW BUILD POTENTIAL *** 3 BLOCKS OF FLATS *** CONVERTED DETACHED HOUSE *** 17 GARAGES *** COMMERCIAL COMPLEX INCLUDES SHOP PREMISES AND SHOWROOM ,2 FLATS ,OFFICE SPACE , YARD AND OUTBUILDINGS *** TERRACE OF 5 FLATS *** CURRENT RENTAL VALUE £176000 PA *** EXCELLENT RENTAL AND CAPITAL GROWTH POTENTIAL ***
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 £50,000 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 believe ,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
- PROPERTY INVESTMENT PORTFOLIO
- COMMERCIAL COMPLEX INCLUDES SHOP PREMISES AND SHOWROOM ,2 FLATS ,OFFICE SPACE , YARD AND OUTBUILDING
- CONVERTED DETACHED HOUSE
- CURRENT RENTAL VALUE £176000 PA
- SIGNIFICANT NEW BUILD POTENTIAL
- TERRACE OF 5 FLATS
- 3 BLOCKS OF FLATS
- EXCELLENT RENTAL AND CAPITAL GROWTH POTENTIAL
Beals - Gosport Office
Tel: 02392 589922Branch Details
There are currently no recent searches
No properties viewed yet.