Prominent Building with Potential to Develop into Flats with Small Shop
The building is a mid terrace three storey building comprising a ground floor lock shop, a 2 bedroom maisonette to the front along with a rear garage and store above. The building has rear pedestrian and vehicle access and is ideal for development purposes.
Our client has made initial enquiries with the Local Authority and it appears that a scheme to provide three 2 bedroom flats, two 1 bedroom flats and a reduced commercial unit is likely to be approved subject to planning final approval. Please see attached proposed plans.
The property is situated on the western side of the pedestrian precinct in central Fareham, close to the bus depot and approximately a mile from the mainline station. The property offers convenient access to junction 11 of the M27 motorway with access to Portsmouth and Southampton.
The Freehold of the entire building is available with offers in excess of £320,000
Rare Freehold Available
Rateable Value & Council Tax
Rateable Value £18,750
Council Tax - Currently Band B
You are advised to make your own enquiries in this regard to the local authority.
Legal Costs - Each party to bear their own costs incurred in the transaction
VAT - May be applicable.
Fareham (0.5 miles)
Portchester (2.5 miles)
Swanwick (4.1 miles)