Millpond Community Centre, Jervis Drive, Gosport, Hampshire, PO12 4QD

Description

This building was formerly used as the Millpond Community Centre situated on Jervis Drive, a predominantly residential area, close to the A32 and St Vincent College. The location offers easy road access in and out of Gosport as well as being located close to local shops, businesses and other local amenities.

Accommodation

The property comprises main community room, with accessible W.C. Additionally there is a small storage area and a fenced external area. Total Floor Area 29 sq.m.

Location

Situated on Jervis Drive, a predominantly residential area, close to the A32 and St Vincent College. The location offers easy road access in and out of Gosport and is close to local shops, businesses and other local amenities.

Tenure / Property Information

Investment Analysis

The £20,000+ guide is the only pricing evidence supplied. There are no HM Land Registry comparables, relevant commercial rental listings, or formal valuation evidence. The property is a vacant 29 sq.m former community centre, so the supplied £575 pcm asking rent for a two-bedroom house is not a reliable rental comparable. GDV, market value and bid capacity cannot be established from the evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Consider only after obtaining legal/planning advice, a survey, confirmation of permitted use and a specialist valuation or relevant local market evidence.

Works Required

No specific defects or required works are evidenced. Obtain a full building survey and verify services, accessibility, external fenced area, statutory compliance and any works required before bidding.

Rental & Market Context

Potential BRRR Position

BRRR cannot be supported because there is no evidence for residential use, conversion feasibility, post-works GDV, commercial valuation, rent, finance costs or refinance terms. The EPC is C (60), but this does not establish value or letting potential.

Buy-to-Let Analysis

A BTL yield cannot be established. The only rental evidence is an advertised £575 pcm asking rent for a two-bedroom house, which is not comparable to this 29 sq.m former community centre. No suitable commercial rent or residential conversion evidence is supplied.

Flip Analysis

A flip analysis cannot be completed because no supported GDV, relevant sales evidence, refurbishment allowance or selling-cost allowance is supplied. The building's former community-centre use and alternative-use position require verification.

Investor Risks & Due Diligence

• No relevant completed sales or commercial rental evidence is supplied.

• The £575 pcm two-bedroom house asking rent is not a reliable comparable for this property.

• The condition and any required refurbishment costs are unknown.

• The planning and permitted-use position for any alternative use is not supplied.

• Buyer administration, other non-optional fees, VAT, taxes and registration costs are unspecified.

• The small 29 sq.m floor area and former community-centre use may limit marketability, but no demand evidence is supplied.

Recommendation

Do not bid on the supplied evidence alone. Consider only after obtaining legal/planning advice, a survey, confirmation of permitted use and a specialist valuation or relevant local market evidence.

Strategy Rating

Analysis Confidence

Only the guide price, basic description, floor area, tenure, vacancy and EPC are supplied; there are no relevant sales, commercial rents, condition costs, valuation or fee amounts.