Restaurant / Leisure Investment
1,750 sq.ft / 162 sq.m
Freehold - Subject to Lease
Rodizio Grill Restaurant, Wickham Road, Fareham, Hampshire PO17 5BT
Prominent Main Road Location
Extensive Onsite Parking
Site Area 0.33 Acres Approx
Location
The property fronts the main A32 Wickham Road midway between Fareham and Wickham, and north of the M27. It is directly opposite the proposed Welbourne Development.
Description
A detached restaurant with separate self-contained residential flat above. The ground floor is arranged as a large open plan area with rear kitchens and toilets to one side. The flat is constructed as four rooms plus bathroom. It is occupied by restaurant staff. There is extensive parking fronting and to the side of the building.
Ground floor main area: 1,350 sq.ft / 125 sq.m
Total ground floor area: 1,750 sq.ft / 162 sq.m
Flat: 795 sq.ft / 74 sq.m
EPC
Class C67. A copy of the certificate is available.
Price
Offers in the region of £425,000 plus vat, subject to contract.
Tenure
Freehold, subject to an occupational lease to Rodizio Grill Limited. The lease is for a term of three years from 25th December 2022 at a rental of £30,000 per annum plus vat. There is a personal guarantee from a Company Director. The tenant has been in occupation since 2019.
Viewing
By appointment with agents: Cyan Power Commercial Property Agents Telephone: 01329 220688 Attention: Ian Power
MISREPRESENTATION ACT 1967 - Whilst all information in these particulars is believed to be correct, neither the agents nor their clients guarantee its accuracy nor it is intended to form part of a contract. All areas quoted are approximate.
PROPERTY MISDESCRIPTIONS ACT 1991 (Service and Planning) - We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items. Any plans included with these particulars are provided only to indicate the general location of the property. Any occupier must check the stated Planning Use with the relevant Planning Office to ensure that it is in accordance with their intended use.