Retail premises for sale in West Street, Fareham PO16
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Property description
Key Points
Description
The property comprises a ground floor shop currently occupied by a local beautician business trading as The Lounge. The premises comprise a retail area, consulting rooms and rear circulation space, kitchen and rear lobby. The property also benefits from having 4 parking spaces towards the rear.
Location
The property is located on the northern side of West Street, Fareham between Trinity Street to the east and Grove Road to the west. The property is surrounded by local occupiers and close by is Domino's Pizza, Helping Hands and a short distance from Aldi which is situated to the west.
Fareham is situated off junction 11 of the M27 with Portsmouth approximately 10 miles to the east and Southampton approximately 20 miles to the west.
Terms
The property is available to purchase the virtual freehold with the benefit of the current tenancy at a guide price of £175,000 exclusive. The virtual freehold is for 999 year Lease from 5th January 2011 comes with a Share in West Street pmc Ltd (the Freehold owning management company). The sale is subject to a 10 year lease from 23rd September 2019 at £12,000 pa with a tenant only break option and rent review at 5th year of the term, the lease is within the Landlord and Tenant Act 1954.
Specifications
* Fitted as a Hair & Beauty Salon
* Suspended Ceiling
* Cat II Lighting
* Recessed Air Conditioning
* Tiled Floors
* Kitchen Area
* 4 Parking Spaces
Other Costs
Service Charge & Building Insurance to be confirmed.
Legal Costs - Each party to bear their own costs incurred in the transaction.
VAT - Unless otherwise specified all costs and prices are exclusive of VAT.
Property info
187A West Street Fareham Proposed Plans 1.pdf View original
View Floorplan 1(Opens in a new window)
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Holloway Iliffe and Mitchell, PO6 on +44 23 9229 2052 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Holloway Iliffe and Mitchell, and do not constitute property particulars. Please contact Holloway Iliffe and Mitchell for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.