98 West Street
Fareham, PO16 0EPThe Space
Retail Investment Property Available
At a glance
| Property Type | Investment / Retail |
| Tenure | For Sale |
| Size | 1,393 sq ft |
| Price | Offers in the region of £170,000 |
| Business Rates | Upon Enquiry |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as D (80) |
Fareham
9 mins
Portchester
48 mins
Swanwick
78 mins
Portsmouth Harbour
96 mins
Reading
828 mins
Twyford
873 mins
Maidenhead
968 mins
Tadworth
986 mins
Key Points
- Centrally Located Unit
- Modern Shop Front
- Close to Pedestrian Zone
- Investment
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.
Available area
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 |
The 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.
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.
