219 Gudge Heath Lane, Fareham, PO15 6PZ

Description
The premises comprise a detached two storey premises of brick construction with a pitched tiled roof and a flat roof over the single storey section. The ground floor comprises a convienience store with sales at the front and back of house to the rear, with additional back of house on the first floor accessed via stairs and goods lift.

There is a 2 bed flat which is accessed via an external staircase on the first floor.

Externally, there is a car park providing 8 car parking spaces and loading.

Location
The property is prominently situated on the corner of Gudge Heath Lane and Highlands Road in Fareham, forming part of a well-established neighbourhood retail parade serving the surrounding residential community.

Gudge Heath Lane is a well-used local thoroughfare, benefiting from regular passing traffic and good pedestrian footfall, particularly from nearby housing estates. The parade caters to essential shopping needs, with a mix of convenience retail, takeaway, and service occupiers, reinforcing its role as a local amenity hub.

Fareham town centre lies approximately 2 miles to the south, offering a wider range of national retailers and amenities. The property also benefits from proximity to the M27 motorway (Junction 10).

Viewings
Through sole agents via appointment.

Terms
We are instrcuted to seek £540,000 exclusive, which reflects a net initial yield of 7.06%, assuming normal purchasers costs of 4.86%.

Tenure
Freehold - Title no: HP645453

AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.

VAT
The property has been elected for VAT purposes and the sale is intended to
be treated as a Transfer of a Going Concern (TOGC).

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

Tenancy
The property is let to Henley Retail FH Limited (t/a One Stop) on a 10 year FRI lease, subject to a photographic schedule, from 30th January 2026.

There is a CPI index linked rent review in year 5, collared and capped at 1% and 4% respectively.

The premises is let on an overriding lease including the flat.