For Sale £165,000 Freehold - Retail
The property is situated at the junction of Highlands Road and Gudgeheath Lane approximately 1.5 miles north west of Fareham town centre. The property is located at the northern end of the Highlands Road retail parade. Nearby occupiers include the Co-operative food store, Lloyds Pharmacy and a Coral Betting shop. There are also a number of newsagents, hot food takeaways, butchers and charity shops, amongst others. Other uses within the vicinity are predominantly residential.
The property comprises a ground floor retail unit of the building known as 95 Highlands Road, located on the corner of Highlands Road and Gudgeheath Lane. 95 Highlands Road comprises a two-storey building of commercial units on the ground floor with flats on the first floor accessed via a separate entrance. The property is constructed with brick elevations under a pitched concrete tile roof. To the rear is a car park and bin store area and the shop has one allocated parking space.
Let to an independent takeaway on a full repairing and insuring for a term of 15 years from 16th June 2008, incorporating 4-yearly upwards only rent reviews. The current rent passing is £14,000 per annum. Further information is available on request.
The accommodation, with approximate dimensions, is as follows:-
Servery/Counter and Waiting Area
Kitchen and Food Preparation Area
The accommodation totals 60.57 sq m (652 sq ft) net internal area.
The property is listed on the VO Agency website with a Rateable Value of £10,500 (April 2017). We would recommend that interested parties make their own enquiries of the local rating authority to verify the business rates payable.
The property has an energy performance rating of Band ‘D’. The full Energy Performance Certificate and recommendations report are available on request.
Each party to be responsible for their own fees incurred in the transaction.