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.
Main shop/retail area with ancillary staff facilities to the rear and a single car parking space.
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.
Entrance lobby, living room, kitchen, two bedrooms and shower room with W.C.
Currently occupied at a rental of £800 per calendar month. We are advised that the flat will be vacant on completion.
Entrance hall, living room, kitchen, bedroom and shower room with W.C.