Drake House, 17A High Street, Gosport, Hampshire, PO12 1BX
Listed 24 Sept 2025 · Gosport
How the price compares
Key features
- 12 newly refurbished apartments, let on one overriding lease to a registered care provider.
- Centrally located on Gosport High Street
- Guaranteed income for 5 years.
About this home
Location
The property is situated at the heart of Gosport centre, just west of the intersection of the pedestrian High Street and North Cross Street. High Street connects at each end to Gosport's circular access road, Mumby Road, which in turn leads to Gosport Marina and Ferry Port. The town is accessed via the A32 Gosport Road from junction 11 of the M27. There is excellent access to Portsmouth, via the Harbour ferry which operates every 15 minutes (every 7.5 minutes at peak times) from Gosport Ferry Terminal (approximately 5 minutes walk from Royal Clarence Marina). The ferry journey time is four minutes to Portsmouth Harbour where there is a regular direct line train service to London Waterloo. Royal Clarence Marina benefits from 154 berths for all types of vessel. Southampton International Airport is within a 30 minute drive.
Description
We are delighted to offer this hands-off investment of twelve newly developed apartments for sale in Gosport. The block is fully let to a single registered care provider, offering guaranteed income for a term of 5 years. The block contains 12 apartments, plus residential lobby; 2 x 2-bed and 10x 1-bed.
Tenure Comments
We are seeking offers in excess of £2,300,000 (exclusive) for the freehold investment. This represents a net initial yield of 7.65% assuming purchasers costs of 6.34%.
The property is held in an SPV and therefore It is anticipated that the sale will be treated as a TOGC.
Service Charge Information
The property runs a service charge to cover the repair, upkeep, cleaning and maintenance of the common areas and share structure. This is managed by the housing provider.
Planning
The property has planning for Class C.
VAT
We are advised that the property is not elected for VAT.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
Property details
- Property type
- Block of Apartments
- Size
- 6,437 sq ft / 598 sq m
- Tenure
- Freehold
Location
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1 on this map
- Portsmouth Harbour Station0.7 mi
- Portsmouth & Southsea Station1.5 mi
- Fratton Station2.2 mi
What nearby homes sold for
Median sold prices in PO12 over the last 12 months: terraced £235k · flat £143k · semi-detached £305k · detached £515k.
| Address | Type | Sold | Price |
|---|---|---|---|
| 9a, High Street Gosport PO12 1BX | Other Leasehold | 18 Mar 2026 | £1,025,000 |
| 17 High Street Gosport PO12 1BX | Other Leasehold | 19 Mar 2025 | £195,000 |
| 4d, High Street Gosport PO12 1BX | Flat Leasehold | 7 Mar 2025 | £137,500 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in PO12
Buying costs
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Creative Retail, Birmingham on Rightmove (original listing). First listed 24 Sept 2025; details checked 7 Nov 2026. Latest change: added on 24/09/2025.
Agent disclaimer
Disclaimer - Property reference 400FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Creative Retail, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.