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117 West Street, Fareham, Hampshire, PO16 0AU

£450,000

£107.04 per sq ft

Business rates & charges may apply

Primmer Olds B.A.S., Southampton
SIZE AVAILABLE

4,204 sq ft

391 sq m

SECTOR

Shop for sale

Key features

  • 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

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.

Brochures

117 West Street, Fareham, Hampshire, PO16 0AU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Fareham Station0.5 miles
  • Portchester Station2.5 miles
  • Swanwick Station4.0 miles

About Primmer Olds B.A.S., Southampton

Mountbatten House, 1 Grosvenor Square, Southampton, SO15 2JU

Whether you are looking to rent or purchase... concentrate on your business and we will concentrate on your business space!

Whether its retail, medical, industrial, office or something a bit different we have helped numerous business occupiers make the right move.

With an integrated approach, our team of professionals can help with all aspects of the move and advise on the ongoing costs, maintenance and management of your space.

Whether you are looking to rent or purchase... concentrate on your business and we will concentrate on your business space!

Whether its retail, medical, industrial, office or something a bit different we have helped numerous business occupiers make the right move.

With an integrated approach, our team of professionals can help with all aspects of the move and advise on the ongoing costs, maintenance and management of your space.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8191FH. 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 Primmer Olds B.A.S., Southampton. 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.

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