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Office For Sale 201 West Street, Fareham, PO16 0EN

  • Size:
    3,356 sq ft / 312 sq m
  • Usage:
    B1, C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Offices
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

The property comprises a part II-part III storey semi-detached commercial premises. Currently configured to provide two ground floor retail premises, and offices over first /second floor which are independently accessed via West Street.

In addition to the rear of the commercial premises there is a two-storey residential dwelling that requires significant refurbishment.

Externally there is a large parking area which we understand is available to the existing tenants on an informal arrangement.

201 West Street is let. The property provides a large retail area which has been subdivided to provide entrance reception area and rear consultation rooms along with basic staff facilities. The tenant is currently holding over on a three-year lease at a passing rent of £12,000 per annum.

201a West Street is currently trading as a convenience store. The property provides a ground floor retail area, rear store/lobby and wc. The property was leased for a term of 21 years, expiring Nov 2020 at a passing rent of £7,000 per annum.

201b&c West Street is let as office premises. The property is configured to provide cellular and open plan office accommodation over 1st and second floors with ancillary staff facilities. The property was leased for a term of 5 years, expiring June 2024 at a passing rent of £11,100 per annum.

201d a vacant two storey residential dwelling currently used for storage. The property is currently configured to provide ground floor entrance hall, two rooms and wc. Stairs from the hall lead to an additional wc on a split level and two bedrooms. The property is currently in a dilapidated condition and requires significant refurbishment.

Viewings
Strictly by appointment with the sole agent.

Terms
Guide price for the freehold interest - £450,000

Business Rates
You are advised to check the rates payable with the local council before making a commitment.

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

Unless stated, all prices and rents are quoted exclusive of VAT.

The property is located in West street, the principle commercial street which runs in a west to east direction offering convenient access to the A27. The property is located on the north side of west street close to its junction with Trinity Street. At this point West Street is Characterised by retail properties with the upper parts converted to residential accommodation.

The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.

 

Contact Holloway Iliffe & Mitchell

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