Location
The property is well situated in Fareham Town centre on West street occupying a prominent trading position and benefiting from high levels of prominence. West Street Fareham Forms a bust and important element of the retail centre of Fareham together with Fareham Shopping complex and Market Quay retail park. The premises is located to the southern side of west street alongside Holy Trinity Church and near by occupiers include Pizza Hut, Papa Johns, Sue Ryder and Weatherspoon's.
Description
The premises offers a ground floor retail unit of approximately 6,100 sqft, the unit benefits from being predominately open plan, concrete floors and high ceiling heights.
The premises also benefits from having a large shop frontage on to West street, and from having access to the rear for loading.
The premises will be let in shell condition ready for tenants own fit out.
Parking space may be available to rear by negotiation .
Lease Term
Each of the units are avliable by way of a new 15 year lease, with 5 yearly landlord breaks and 5 yearly rent reviews at an initial rent of £73,200 per annum.
Business Rates
The premises has been given a rateable value of £34,099 in the 2017 valuation list. The standard business multiplier for 2018 is 0.493p. Any interested party should make there own enquiries.
Service Charge
The premises will be subject to a service charge contribution, towards the up keep of the communal areas, roadways, landscaping. The charge for the year 2019—2020 £3,782.00 per annum.
Building insurance
The building will be subject to a building insurance charge, the charge for 2018—2019 is £2,462.40
VAT
All the above prices/rentals are quoted exclusive of VAT, where applicable.
