Lot 77: FREEHOLD TOWN CENTRE MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT

Mixed Commercial/Residential - Gosport & Fareham Areas
Mixed Commercial/Residential - Gosport & Fareham Areas
Mixed Commercial/Residential - Gosport & Fareham Areas
Second Floor Flat
Mixed Commercial/Residential - Gosport & Fareham Areas
First Floor Flat
Mixed Commercial/Residential - Gosport & Fareham Areas
First Floor Flat
Available At £435,000 + Fees
5 High Street, Fareham, Hampshire. PO16 7AN

Previously fully let at £34,200 per annum

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

This attractive end of terrace building is situated at the bottom end of Fareham’s attractive Georgian High Street, close to the junction with West Street and the landmark Red Lion Hotel.

The ground floor commercial unit, which is trading as a hair salon, is let under the terms of a 10 year commercial lease, while the two flats on the first and second floors have previously both been let under the terms of Assured Shorthold Tenancy Agreements. With the impending sale in mind the seller did not seek a new tenant for the second floor flat when it was recently vacated.

The first floor flat is at present let and occupied, but will, we are advised, be vacant on completion. We are advised that the flats were let at £650 and £800 per calendar month respectively.

The property is considered ideal for addition to an income-producing property portfolio.

Commercial

Ground Floor

Main shop/retail area with ancillary staff facilities to the rear and a single car parking space.

Tenancy

Let under the terms of a commercial lease dated 1st January 2017 for a term of 10 years at a current rental of £16,800 per annum.

Residential

First Floor

Flat 5A

Entrance lobby, living room, kitchen, two bedrooms and shower room with W.C.

Tenancy

Currently occupied at a rental of £800 per calendar month. We are advised that the flat will be vacant on completion.

Second Floor

Flat 5B

Entrance hall, living room, kitchen, bedroom and shower room with W.C.

Tenancy

Currently vacant.

Residential EPC: E
Commercial EPC: B

Map

Loading…

The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.