PO16 110-112 West Street, Fareham

The ground floor is let to MR P'S CLASSIC AMUSEMENT LIMITED on a full repairing and insuring lease for a term of 10 years from 28th March 2025 subject to an upward only rent review at the end of the fifth year at an initial rent of £35,000 per annum exclusive with a fixed increase to £40,000 per annum exclusive on the 28th March 2027 with a minimun increase to £45,000 per annum exclusive on the rent review due 28th March 2030 . A rent deposit equivalent to six months rent plus VAT (£21,000) is held

The first/second floors are let to THE GUINNESS PARTNERSHIP LIMITED on a full repairing and insuring lease for a term of 40 years commencing from 5th August 1998 at a rent of £27,451 per annum exclusive being subject to annual increases in line with the increase in the Retail Price Index.

The first and second floors were let in shell condition on a long lease to The Guinness Partnership Limited, who created five residential flats, each comprising one bedroom, reception room, kitchen and bathroom/wc.

THE ENTIRE PROPERTY PRESENTLY PRODUCES AN INCOME OF £62,451 PER ANNUM EXCLUSIVE WHICH WILL INCREASE TO £67,451 PER ANNUM EXCLUSIVE ON THE 28TH MARCH 2027 AND TO £72,451 PER ANNUM EXCLUSIVE ON THE 28TH MARCH 2030.

The property is situated in the retailing area of the town, which is centred on West Street. Occupiers close by include J D WETHERSPOON, LADBROKES, ARGOS, MCDONALD'S, GREGGS, W H

SMITH, TSB BANK, LOUNGERS, NANDOS and NATIONWIDE.