Office building comprising 6,474 sq ft with 33 car parking spaces
Opposite Fareham Railway Station
Previously let to Brutton & Co Solicitors (lease expired June 2022) at £48,500 p.a.
Immediate Change of Use/Redevelopment Opportunity
VAT-free Opportunity
Lot 4
Auction 3rd November 2022
Vacant Possession
Status Sold
Price £725,000
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles north-west of Portsmouth, 11 miles south-east of Southampton
Roads
A27, M27 (J10)
Rail
Fareham Train Station
Air
Southampton Airport
Situation
The property is prominently located just off Station Roundabout, directly opposite Fareham Train Station and 0.8 miles from Fareham Town Centre. The immediate area comprises a mix of residential and commercial properties including an Aldi Supermarket and roadside operators such as Kwik-Fit and Beaver Tool Hire.
Tenure
Freehold.
Location
Miles
6 miles north-west of Portsmouth, 11 miles south-east of Southampton
Roads
A27, M27 (J10)
Rail
Fareham Train Station
Air
Southampton Airport
Situation
The property is prominently located just off Station Roundabout, directly opposite Fareham Train Station and 0.8 miles from Fareham Town Centre. The immediate area comprises a mix of residential and commercial properties including an Aldi Supermarket and roadside operators such as Kwik-Fit and Beaver Tool Hire.
Tenure
Freehold.
Description
The property comprises an office building arranged on the ground, first and second floors. The property benefits from extensive car parking for about 33 cars to the front and side.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with Fareham Borough Council. (www.fareham.gov.uk) (Phone: 01329 236100)
Completion Period
6th January 2023
EPC
Band D
Description
The property comprises an office building arranged on the ground, first and second floors. The property benefits from extensive car parking for about 33 cars to the front and side.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with Fareham Borough Council. (www.fareham.gov.uk) (Phone: 01329 236100)
Completion Period
6th January 2023
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Ground First Second
Office Office Office
180.40 209.40 211.70
(1,942) (2,254) (2,279)
VACANT POSSESSION (2)
Total
601.50
(6,474)
(1) Areas provided by VOA (www.gov.uk/business-rates) (2) The previous tenant served notice to quit on 13th May 2022 and will vacate the property by 24th December 2022
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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