To Let
Featured
26
West Street, Fareham, PO16 0PQ
Size
571 - 1,097sq ft
Rent pa
£27,500
Market Sector
Shopping Centre
Description
Fareham Shopping Centre is a 500,000 sq. ft. fully enclosed retail space with an average footfall of 130,000 per week. The scheme is anchored by B&M, Boots The Chemist and Next. The unit is located nearby Clarks, Costa and Next. Please refer to the attached copy of the street traders plan for further details.
Key Information
Lease Type
New Lease
Lease Term
The premises are available on new effectively full repairing and insuring leases for a term to be agreed subject to upward only rent reviews every 5 years.
Accommodation
571 - 1,097 Sq.Ft/53 - 101 m²
The premises are arranged over ground and first floors having the following approximate floor areas:
| Areas | Sq.Ft | m² |
|---|---|---|
| Ground Floor | 1,097 | 101.9 |
| First Floor | 571 | 53.1 |
Rent
| Date | Rent |
|---|---|
| 2024-01-01 | £27,500 |
Rates
| Year | Rateable Value | UBR p/£ | Rates Payable |
|---|---|---|---|
| 2023 | £22,500 | 49.9 | |
| 2026 | £18,000 | 38.2 | £6,876 |
Financial Details
Rent
£27,500 per annum exclusive.
Costs
Each party to be responsible for their own legal costs incurred in this transaction.
Service Charge
The current service charge for the financial year is £18,864 per annum.
Downloads
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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