Retail Investment Property Available
Summary
- Centrally Located Unit
- Modern Shop Front
- Close to Pedestrian Zone
- Investment
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground - Sales Area | 886 | 82.31 |
| Ground - Rear Office / Store | 227 | 21.09 |
| Ground - Garage | 280 | 26.01 |
| Total | 1,393 | 129.41 |
Location
The property is situated on the western side of the pedestrian precinct in central Fareham, close to the bus depot and approximately a mile from Fareham mainline station. The property offers convenient access to junction 11 of the M27 motorway with access to Portsmouth and Southampton.
Get directions from Google Maps
Mainline Stations
-
Fareham9 mins
-
Portchester48 mins
-
Swanwick78 mins
-
Portsmouth Harbour96 mins
Underground Station
-
Reading828 mins
-
Twyford873 mins
-
Maidenhead968 mins
-
Tadworth986 mins
Further Information
Price Offers in the region of £170,000
Rates Payable Upon Enquiry
Service Charge n/a
EPC Rating This property has been graded as D (80)
Description
The property is a mid terrace building, with the freehold comprising of the ground floor lock-up shop. The building has rear pedestrian and vehicle access. The property is currently rented with office use and fit out.
Above is a 2 bedroom maisonette to the front along with a rear garage and store above, sold off on a long-leasehold.
Terms
The Freehold of the entire building is available at the guide price of £170,000.
The property is currently let to Whitehead-Ross Education and Consulting Ltd on a 5 year lease (from 16th June 2023), where the rent is £12,000 pa, with no break or rent review.
The freehold is subject to a ground rent from the long-leasehold of £200 pa.
Rateable Value
Rateable Value £12,000 (source: VOA)
You are advised to make your own enquiries in this regard to the local authority.
Other Costs
Legal Costs - Each party to bear their own costs incurred in the transaction
VAT - it is understood that VAT is not applicable.
Gallery
