Unit 1-2 155 Highlands Road, Fareham, PO15 6JR

Description
The property comprises an irregular shaped site on which stands two detached warehouse buildings constructed in the 1980s. The buildings are of steel portal frame construction with brick, block and insulated steel profile sheet elevations. The roofs are insulated asbestos sheet roof.

Externally the buildings have tarmacadam surface parking for approximately 15 car spaces and delivery areas. The current occupiers use the front verge for additional parking.

Unit 1 comprises of a warehouse with roller shutter door of 2.88m wide and 3.22m high. Minimum eaves of 4m high. To the front there is a single storey office. There is a mezzanine with further storage and office space. There is an historic planning application for an extension to Unit 1 under planning application P/21/1047/FP. This has now lapsed.

Unit 2 has 4.17m eaves height with a mezzanine section. There is a roller shutter door leading to the warehouse that is 2.6m wide and 3.63m high. To the side elevations a small single storey office section under a flat felt roof.

Location
The property is prominently situated on Highlands Road, an established commercial location in Fareham, offering excellent access to the town centre, surrounding business areas, the A27 and Junctions 10 and 11 of the M27 motorway (approximately 3 miles), providing convenient links to Portsmouth, Southampton, the M3 and A3(M).

A range of local amenities are within easy walking distance, including a Co-op convenience store, café, pharmacy and petrol filling station. Fareham railway station is approximately 1 mile away, providing regular services to Portsmouth, Southampton, Brighton and London, while frequent local bus services operate along Highlands Road. Southampton Airport is approximately 9 miles to the west.

Terms
Freehold interest is available with full vacant possession other than the aerial mast leases at a guide price of £1.3m. Alternatively a new lease is available on the property for a term to be agreed at a rent of £100,000 per annum exclusive.

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

In accordance with Anti-Money Laundering requirements, two forms of identification may 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 is not elected for VAT.