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Agent's details

Three Joes, Units 79A & 79B Fareham Shopping Centre

To rent: £40,000.00 Per Annum|4,531 Sq Ft|Restaurants/Cafes, Licensed & Leisure

Property details

TO RENT£40,000.00 Per Annum
SIZE4,531 Sq Ft
ADDRESSThree Joes, Units 79A & 79B Fareham Shopping Centre, Fareham, PO16 0PQ
TYPERestaurants/Cafes, Licensed & Leisure
TENURETo Let
POSTED ON1st November 2023

Description

Key Points

  • Fully fitted restaurant unit with extensive glazed frontage
  • Occupies a prime pitch fronting West Street in Central Fareham
  • Ground floor trading area (approximately 96 covers)
  • Overall GIA 421 M 2 (4,531 FT 2 )
  • Available by way of an assignment or subletting of the existing lease or a new lease (subject to landlords consent)
  • Nearby operators include Nando’s, JD Wetherspoon and Slug & Lettuce
  • Confidential - Staff unaware
  • Summary

    Fully fitted pizza restaurant and bar opportunity (96 covers) located in Fareham Town Centre. Extensive ancillary space throughout.

    Description

    The restaurant occupies the ground and first floor levels of a prominent steel and block built property with brick elevations under a flat and mansard style roof. The unit benefits from a triple aluminium glazed frontage. Delivery access is provided at first floor level via vehicle accessible service route.

    The premises are configured to provide seated accommodation at ground floor level and are laid out to provide a variety of tables and seating for approximately 96 customers. Features include an open plan pizza kitchen and a bar servery with a floor to ceiling height of approximately 3.65 - 4.1m. Ancillary accommodation includes food preparation and wash-up areas with an accessible WC. The first floor benefits from two stairwell routes with customer access to two sets of WCs, extensive food preparation and storage rooms, office and cold-room. Staff welfare facilities are also provided.

    We understand the property benefits from a pavement licence with 8 external seats available at street level.

    Location

    The property is located in Fareham which is an attractive market town on the south coast located approximately 8.3 miles (13.4 kilometres) west of Portsmouth, 12.9 miles (20.8 kilometres) east of Southampton and 18.9 miles (30.4 kilometres) south east of Winchester.

    The premises occupies a prominent location fronting West Street in the centre of Fareham and forms part of the Fareham Shopping Centre being positioned at the main entrance. Fareham town centre benefits from a range of hospitality businesses including Nando’s, McDonald’s, Slug & Lettuce, JD Wetherspoon and Vito Lounge.

    Licensing

    The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises is permitted to sell alcohol under the following hours:
    • Monday to Sunday: 11:00 – 00:00

    Tenure

    Held for a term of 10 years with effect from 8th May 2017 at a rent of £40,000 per annum with no further rent reviews. The most recent annual service charge was £30,000.

    A new lease may be available subject to landlord’s consent.

    Fixtures & Fittings

    Fixtures and fittings can be included by way of a premium agreement and comprise loose tables, chairsbooth seating and an excellent wood fire pizza oven. Branded items will not be included.

    Energy Performance Certificate

    D-92

    Rateable Value

    The property is listed on the 2023 Rating List with a RV of £27,500. This is not the rates payable.

    VAT

    All figures quoted are exclusive of VAT.

    Money Laundering

    Money Laundering Regulations require Savills to conduct checks upon all Purchasers (including Agents). Prospective tenants will need to provide proof of identity and residence.

    Viewings

    Interested parties are asked to undertake discreet customer visits in the first instance. No formal viewings will be permitted unless arranged through the sole agent Savills. Under no circumstances should any direct approach be made to any of our clients staff. Please contact Savills for further information.

    Branding & TUPE

    We anticipate that the business will not be permitted to trade as Three Joes and branded items will be removed. TUPE will apply.

    Location

    marker
    Location: Three Joes, Units 79A & 79B Fareham Shopping Centre, Fareham, PO16 0PQ

    Fareham (0.7 miles)

    Portchester (2.3 miles)

    Swanwick (4.2 miles)

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