Investment for sale Fareham PO16 9UZ,4080sq ft

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Investment

Investment For Sale Fareham

PROPERTY ID: 150576

PROPERTY TYPE

Investment

STATUS

Available

SIZE

4,080 sq.ft

Key Features

Adjacent to the main arterial route through Portchester on the A27 in the centre of Porchester. Situated on the pedestrianised West Street.

Let in its entirety to Tesco Stores Limited on a 15 year lease from and including 27th November 2020 to 26th November 2035 on a full and repairing basis

Current passing rent of £70,000 per annum.

The lease benefits from a rent review of the fifth and tenth anniversaries of the lease term commencement date.

The rent is to be reviewed on an Open Market Value (OMV) basis, with the total rental increase being capped at 112.5% of the current passing rent. The November 2025 rent review is outstanding.

Long Leasehold of 999 years from September 2020

Strong PLC Covenant.

Offers in excess of £875,000 (Eight Hundred and Seventy Five Thousand Pounds) are invited for the long leasehold interest, subject to contract and exclusive of VAT.

Property Details

The Property Has A Brick Façade With A Glazed Shop Frontage To The Ground Floor And Benefits From A Flat Roof. 
 
Internal Accommodation Includes Sale Floor, Bakery, Storeroom, Small Office, Kitchen/break Out Area And Wcs. 
 
Porchester Is A Suburb Of Portsmouth. Portchester Is 13 Miles To The East Of Southampton, 
43 Miles To The West Of Brighton & Hove And 60 Miles To The South West Of London. 
Portchester Benefits From Excellent Road Connection Being In Close Proximity To The A27 And M27 Which Provide Easy Access To Southampton, Chichester And Brighton & Hove. 
 
Portchester Train Station Offers Excellent Rail Connectivity, Providing Regular Services To Southampton, Portsmouth, Brighton And London Waterloo.

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About the Agent

Stiles Harold Williams Partnership LLP

See Agent's Other Properties

Investment Unit

£875,000 Freehold

12-14 West Street, Fareham, PO16 9UZ

Investment - Available
4,080 sq ft
379 sqm

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