Portsdown House 175-177 West Street Fareham Hampshire PO16 0EF

  • Portsdown House<br>175-177 West Street<br>Fareham<br>Hampshire<br>PO16 0EF

Portsdown House
175-177 West Street
Fareham
Hampshire
PO16 0EF

Freehold Retail Investment

  • Two Retail Units in prominent town centre location
  • Located in popular market town close to Fareham Shopping Centre
  • Nearby occupiers include Ladbrokes, Dominos, Cash Converters and Pizza Hut
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    58
  • Auction
    7th July 2016
  • Rent
    £37,010 per Annum Exclusive
  • Status
    Sold
  • Price
    £395,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Retail Investment

  • Two Retail Units in prominent town centre location
  • Located in popular market town close to Fareham Shopping Centre
  • Nearby occupiers include Ladbrokes, Dominos, Cash Converters and Pizza Hut
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 58
  • Auction 7th July 2016
  • Rent £37,010 per Annum Exclusive
  • Status Sold
  • Price £395,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
6 miles north-west of Portsmouth 12 miles south-east of Southampton
Roads
M27 (Junction 11), A27, A32
Rail
Fareham Rail
Air
Southampton Airport, Bournemouth International Airport
Situation

Fareham is a popular market town located between Portsmouth and Southampton. The property is situated in a prominent location on the northern side of West Street the towns prime pedestrianised retailing thoroughfare which houses Fareham Shopping Centre to the east. Other nearby occupiers include Ladbrokes, Dominoes, Cash Converters and Pizza Hut.

Tenure

Freehold.

Location
Miles
6 miles north-west of Portsmouth 12 miles south-east of Southampton
Roads
M27 (Junction 11), A27, A32
Rail
Fareham Rail
Air
Southampton Airport, Bournemouth International Airport
Situation

Fareham is a popular market town located between Portsmouth and Southampton. The property is situated in a prominent location on the northern side of West Street the towns prime pedestrianised retailing thoroughfare which houses Fareham Shopping Centre to the east. Other nearby occupiers include Ladbrokes, Dominoes, Cash Converters and Pizza Hut.

Tenure

Freehold.

Description

The property comprises two retail units with residential accommodation on uppers which have been let on a long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two retail units with residential accommodation on uppers which have been let on a long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/ (Reversion)
Unit 1
175/177		 Ground Retail/Ancillary
244.98 sq m
(2,637 sq ft)
 ROSSI HAIR &
BEAUTY LIMITED (1)		 10 years from
15/04/2016 until
14/04/2026 (2)		 £17,000 15/04/2021
Unit 2
175/177		 Ground Retail
170.94 sq m
(1,840 sq ft)
 INDIVIDUAL t/a
South Coast Domestic
Appliances		 5 years from
23/10/2015		 £20,000 (22/10/2020)
175-177 First
Second		 Residential
Residential
Not Measured
Not Measured
PORTSDOWN
HOUSE
MANAGEMENT
COMPANY LTD		 127 years from
20/11/2003 until
19/11/2130		 £10  
Total    
415.92 sq m
(4,477 sq ft)
     £37,010

(1) The tenant is currently fitting out the unit.
(2) The lease provides a tenant’s option to determine on 15/04/2021.

Contacts

Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays
Sheffield
S2 5SY
Carol Davies 0114 279 4003Carol.Davies@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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