39, 41 And 43 Redlands Lane, Fareham, Hampshire, PO14 1HL

The property comprises three ground floor, adjoining terraced retail units, currently all let out to local independent traders:

Unit: 39
Trading as: HD Beauty
Term: 5 years, from 10th July 2022
Rent: £7,200 per annum exclusive of VAT
Break Option: Mutual annual break option. *no simple or statutory declaration seen

Unit: 41
Trading as: Kurdish Barbers
Term: 5 years, from 1st March 2023
Rent: £7,200 per annum exclusive of VAT
Break Option: -

Unit: 43
Trading as: Eclipse Tattoo Studio
Term: 5 years and a day, from 1st January 2023
Rent: £7,200 per annum exclusive of VAT
Break Option: -

Copies of the leases are available on request. In our opinion there is scope to regear the leases.

No allocated parking is provided to the shops.

The properties are located within Fareham, a historic market town situated between Southampton in the west and Portsmouth to the east, and forms part of the ever expanding south coast conurbation. Fareham benefits from excellent transport communications, with the M27 and Fareham Train Station within easy reach. The units are situated along Redlands Lane, an established shopping parade serving the local population.

For Sale

New 999 Year Leases

Potential to Regear Rents

Established Retail Parade

Unit EPC Ratings:

Unit 39 - C (74)
Unit 41 - C (58)
Unit 43 - B (47)