Unit 7A Market Quay, 3 Cremer Mall, Fareham, PO16 0BT

Description
Large commercial space arranged over ground and first floors. The ground floor has a double height ceiling, whilst the first floor provides remote storage. The unit benefits from rear servicing.

Location
The premises forms part of the mixed-use Market Quay development in the centre of Fareham. Occupiers within the scheme include 5 screen Reel Cinema, Nando’s, Slug & Lettuce, PINS Bowling, Snap Fitness and various retail occupiers.

The main surface car park for the town centre is directly in front of the unit.

Terms
The premises is available by way of a new effectively full repairing and insuring lease for a term by agreement, subject to upward only rent reviews every fifth year.

Rates
The ground floor has recently been separated, and therefore the rateable value is to be reassessed. Interested parties are advised to make their own
enquiries with the Local Authorities.

Service Charge
A service charge is applicable to the unit. Further details on request.

Planning
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 (health, surgery/clinic) and D2 (leisure) uses under the former UCO. We therefore understand that the ground floor premises benefit from Class E ‘Commercial Business and Service’ use within the Use Classes Order 2020. Interested parties should make their own planning enquiries and satisfy themselves in this regard.

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

VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.

Viewings
Viewings via joint sole agents: Vail Williams Tim Clark - , Josh Gettins .

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.