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98 West St 1,393 SF Retail Building Fareham PO16 0EP $232,463 ($166.88/SF)
Investment Highlights
- Centrally Located Unit.
- Close to Pedestrian Zone.
- Modern Shop Front.
- Investment.
Executive Summary
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.
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.
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,393 SF
Building Class
B
Year Built
1879
Price
$232,463
Price Per SF
$166.88
Tenancy
Single
Building Height
3 Stories
Building FAR
0.91
Lot Size
0.03 AC
Frontage
18’ on West Street
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Nearby Major Retailers
1 of 15
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98 West St
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