• VAT Free investment

• Let to Edinburgh Woollen Mill Ltd – Net Assets £161m

• Tenant in occupation since 2006

• Rebased rent

• Prime retailing pitch

• Situated approximately 300m from Gosport Ferry Terminal

• Freehold

• £355,000, subject to contract

• 6.25% net initial yield

The property is situated in a prime position on the pedestrianised part of the High Street just 300 meters from the busy Gosport Ferry terminal, with 25% of passengers using the ferry for shopping, (www.gosportferry.co.uk). As a result the property benefits from a high level of footfall.

Nearby national operators include, Vision Express (adjacent), Specsavers, Greggs, McDonalds, Boots, Holland & Barratt, Superdrug and Costa Coffee.

There is a large Morrisons Supermarket, Halfords, Iceland and Lidl close by.

Every Tuesday and Saturday the High Street benefits from a busy street market, attracting residents and visitors alike.

The property comprises a retail unit arranged over ground, first and second floors. Internally, the sales areas is at ground floor level with ancillary accommodation on the upper floors.

The property has been fitted out by Edinburgh Woollen Mill in their usual corporate style.  The property benefits from roller shutter loading doors to the rear of the property.

The property is not listed and sits within the High Street Gosport Conservation Area.

It is suggested that there is potential to increase the massing of the upper parts, subject to planning permission.

Freehold.

Edinburgh Woollen Mill Ltd (Company No. SC024081) has reported the following figures.

Edinburgh Woollen Mill operate from over 260 stores, 88 speciality tourist shops and 27 destination shops within the UK. Founded in 1946 the company evolved from a yarn dying company into a leading retailing group by 1970. Over the years the company has acquired Ponden Mill, Proquip, Jane Norman and Rosebys and is controlled by billionaire businessman Phillip Day.

The property has not been registered for VAT and therefore VAT is not applicable.

1. The investment provides highly secure income – Edinburgh Woollen Mill Ltd;

2. Tenants have been in occupation for over 13 years;

3. VAT free investment;

4. Located close to Gosport Ferry Terminal;

5. There is potential to increase the massing of the upper parts, STPP;

6. Attractive lot size to an investor;

7. Rent has been rebased from £37,000 pa to £23,000 pa.

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