Retail Property For Sale 98 West Street, Fareham, Hampshire, United Kingdom, PO16 0EP

The property is a mid terrace building, with the freehold comprising of the ground floor lock-up shop. The building has rear pedestrian and vehicle access. The property is currently rented with office use and fit out.

Above is a 2 bedroom maisonette to the front along with a rear garage and store above, sold off on a long-leasehold.

Terms
The Freehold of the entire building is available at the guide price of £170,000.

The property is currently let to Whitehead-Ross Education and Consulting Ltd on a 5 year lease (from 16th June 2023), where the rent is £12,000 pa, with no break or rent review.

The freehold is subject to a ground rent from the long-leasehold of £200 pa.

Rateable Value
Rateable Value £12,000 (source: VOA)
You are advised to make your own enquiries in this regard to the local authority.

Other Costs
Legal Costs - Each party to bear their own costs incurred in the transaction
VAT - it is understood that VAT is not applicable.

The property is situated on the western side of the pedestrian precinct in central Fareham, close to the bus depot and approximately a mile from Fareham mainline station. The property offers convenient access to junction 11 of the M27 motorway with access to Portsmouth and Southampton.