Unit MSU2 Market Quay, 3 Cremer Mall, Fareham, PO16 0BT
Size
34,134
Lease length
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EPC
Parking
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- Price per
- POA
- Primary use
- High street retail
- Other use(s)
- Other leisure
- Frontage
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No floor / site plan
Key features
- Suitable for Variety of Uses
- Neighbouring TK Maxx and Betfred
- Rear servicing
- Other tenants include Nandos, Slug & Lettuce and Snap Fitness
- Capable of Sub-division
Description
The unit forms part of the mixed use Market Quay development in the centre of Fareham. Other occupiers include 5 screen Reel Cinema, Nandos, Slug & Lettuce, Loungers, PINS Bowling, JinZun restaurant, Snap Fitness gym and various retail occupiers. The main surface car park for the town centre is directly in front of the unit.
Location
Market Quay Shopping Centre is located in the centre of Fareham and is easily accessible from the M27 motorway and A27.
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
Rateable Value - £129,000
Service Charge & Insurance
This unit participates in a service charge of £76,671 + VAT for the current year. Insurance £10,282 +VAT per annum
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.
- Let type
- Long
- Let contract length
- Ask agent
- Status
- Available
- Date available
- 13 February 2024
- Service charge
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- Business rates
- £2
- Use class
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Unit MSU2 Market Quay, 3 Cremer Mall, Fareham, PO16 0BT
About Vail Williams, Portsmouth
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Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.
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Disclaimer - Property reference 375864-2. 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 Vail Williams, Portsmouth. 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.