107-109-111 stoke road, gosport

This freehold property is a purpose-built, three-storey building constructed in the 1970s, comprising three ground floor shop units and six residential flats above, which are currently occupied by leaseholder tenants. Located in a busy secondary shopping area on Stoke Road, the property is surrounded by a mix of independent traders, with both Waitrose and Asda nearby. Gosport Town Centre is approximately half a mile away, providing access to a pedestrian ferry to Portsmouth and rail links to London. The property includes four garages at the rear, accessible via Jamaica Place; two of these garages are part of the freehold sale, while the other two are believed to be owned by long leaseholders. The current rental income for the year 2025-2026 is £5,000 per annum for unit 107, £8,000 per annum for unit 109, and £5,000 per annum for unit 111. Additionally, the ground rent income from the six flats is £300 per annum (£50 per flat), and garage income is £1,020 per annum for Garage 1 and £520 per annum for Garage 2.