Retail property (high street) for sale
Property description & features
- Tenure: Freehold
The building comprises a vacant ground floor retail unit and self-contained 2 bedroom first floor flat. The ground floor is arranged to provide a sales area with remote storage. Access to the first floor flat is via Westbury Road.
The first floor flat is let on an Assured Shorthold Tenancy from 15th September 2022 at the passing rental of £776.00 per calendar month.
Viewings
Viewings via sole agents: Vail Williams Tim Clark -[use Contact Agent Button] [use Contact Agent Button]
Location
Savoy Buildings occupy a prime position within the pedestrianised section of West Street, Fareham the towns main retail throughfare. Fareham shopping centre is located immediately to the east, whilst Market Quay a mixed-use retail and leisure scheme is directly to the south. WH Smith are adjacent whilst other nearby occupiers include Poundland, TK Maxx, Loungers, MacDonald’s and Greggs.
Terms
Freehold, subject to and with the benefit of the income from the first floor flat.
Planning
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 (health, surgery/clinic) and D2 (leisure) uses under the former UCO. We therefore understand that the ground floor premises benefit from Class E ‘Commercial Business and Service’ use within the Use Classes Order 2020. Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
Property information from this agent
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on October 27, 2023
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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