RETAIL INVESTMENT – UNDER OFFER

3, 95 Highlands Rd, Fareham PO15 6HZ, UK

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For Sale £165,000 Freehold - Retail
Size: 652 sq ft (61 sq m)Tenure: FreeholdLocation: Fareham Download Property Details

LOCATION                       

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.

DESCRIPTION

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.

TENANCY                              

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.

ACCOMMODATION

The accommodation, with approximate dimensions, is as follows:-

Servery/Counter and Waiting Area

Kitchen and Food Preparation Area

Store

WC

The accommodation totals 60.57 sq m (652 sq ft) net internal area. 

RATEABLE VALUE

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. 

EPC                                 

The property has an energy performance rating of Band ‘D’. The full Energy Performance Certificate and recommendations report are available on request.                           

 

LEGAL COSTS                 

Each party to be responsible for their own fees incurred in the transaction.

Features

Property Map

Submitted by Liz Miller

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FINANCE ACT 1989

Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

IDENTIFICATION

Under Money Laundering Regulations, we are obliged to verify the identity of a proposed Tenant or Purchaser prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be sent to the proposed tenant or purchaser once terms have been agreed.

IMPORTANT NOTE

These property particulars are intended as general guidance for prospective lessees or purchasers. They do not constitute all or any part of an offer or contract. James and Sons, either for themselves or as agents on behalf of the lessor or vendor give no warranty as to the accuracy of any of the information contained herein. All descriptions, measurements, references to condition and statements as to planning use and permissions or other matter contained in these particulars are given in good faith and are believed to be correct but their accuracy is not guaranteed and should not be relied upon as fact without independent verification. No person in the employment of James and Sons has any authority to make any representations or warranty (verbal or otherwise) in respect of this property and any intending lessee(s) or purchaser(s) should make their own independent enquiry and investigations and inspections to verify the accuracy or otherwise of any information. At no time has any structural or other survey been carried out and no services or appliances have been tested. Interested parties should satisfy themselves as to the structural integrity of the property and the condition and working order of all services, appliances, fixtures and fittings.

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