Property photos
Freehold
£450,000
(£107.04/sq. ft)
Retail premises for sale
117 West Street, Fareham, Hampshire PO164,204 sq. ft
Local area information
Property location
Nearby amenities
- Harrison Primary School 0.3 miles
- Redlands Primary School 0.5 miles
- Fareham 0.5 miles
- Portchester 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- NIA - 4,204 sq.ft (390.56 sq.m)
- Prominent road side position
- High footfall
- Suitable for a variety of uses
- Nearby occupiers include, McDonald's, Cex, Nationwide and local businesses
- West street precinct is a short walk away benefiting from more national occupiers
Description
Fareham is situated midway between Southampton and Portsmouth on the M27. West street is the main retail patch in the town of Fareham, with a variety of independent shops, cafes and restaurants. The property is located on a busy road with heavy foot traffic, and good public transport links.
The property comprises of self contained offices on the first floor and a retail unit on the ground floor. The two storey premises has been fitted out as a post office for many years, but is suitable for a variety of uses. The ground floor is set two metres further back from the first floor, which could potentially be extended to create a new shop front if required. The overhang of the building can be used as cover for bikes, tables and chairs, etc subject to the occupier.
Accommodation
Ground Floor 3,479 sq.ft (323.20 sq.m)
First Floor 725 sq.ft (67.35 sq.m)
Total Internal Area 4,204 sq.ft (390.56 sq.m)
Rating
Rateable Value £45,500
Source The 2022/2023 small business multiplier is 0.499 (4.99p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
Available by way of a new full repairing and insuring lease for a term to be agreed at £40,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Alternatively, the property is available for £450,000 for the freehold, subject to contract.
Planning
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
EPC Text
Asset Rating - D81
Anti Money Laundering
All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
Fareham is situated midway between Southampton and Portsmouth on the M27. West street is the main retail patch in the town of Fareham, with a variety of independent shops, cafes and restaurants. The property is located on a busy road with heavy foot traffic, and good public transport links.
The property comprises of self contained offices on the first floor and a retail unit on the ground floor. The two storey premises has been fitted out as a post office for many years, but is suitable for a variety of uses. The ground floor is set two metres further back from the first floor, which could potentially be extended to create a new shop front if required. The overhang of the building can be used as cover for bikes, tables and chairs, etc subject to the occupier.
Accommodation
Ground Floor 3,479 sq.ft (323.20 sq.m)
First Floor 725 sq.ft (67.35 sq.m)
Total Internal Area 4,204 sq.ft (390.56 sq.m)
Rating
Rateable Value £45,500
Source The 2022/2023 small business multiplier is 0.499 (4.99p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
Available by way of a new full repairing and insuring lease for a term to be agreed at £40,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Alternatively, the property is available for £450,000 for the freehold, subject to contract.
Planning
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
EPC Text
Asset Rating - D81
Anti Money Laundering
All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
More information
Listed by
Primmer Olds BAS
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