28, 89 West Street

West Street, Fareham, PO16 0PQ

Size

302 - 1,103sq ft

Rent pa

£40,000

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 premises occupy a prominent position adjacent to the schemes entrance and fronting onto West Street. Nearby retailers include 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 a new effectively full repairing and insuring lease for a term to be agreed, subject to an upward only rent review in the 5th year of the term.

Accommodation

302 - 1,103 Sq.Ft/28.10 - 102 m²

The premises are arranged over ground and first floors, comprising the following areas:

Areas	Sq.Ft	m²
Ground Floor Sales	1,103	102.47
First Floor Ancillary	302	28.06

Rent

Date	Rent
2024-01-01	£40,000

Rates

Year	Rateable Value	UBR p/£	Rates Payable
2026	£19,000	38.2	£7,258

Financial Details

Rent

£40,000 per annum exclusive.

Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Service Charge

The service charge for the current financial year is £19,283 per annum.

Downloads

Brochure

89 West Street, Brochure

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.