About the property
Key features
- Freehold Block Of Seven Shops And Seven Flats
Material information
Property description
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Size The size of a property or land refers to its physical extent or area. Read our glossary page
0sqft
Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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Located in a popular residential area of Fareham, this substantial freehold block comprises seven flats and seven shops. Five of the flats have been sold under the terms of long leases, with the remaining two let under the terms of Assured Shorthold Tenancy Agreements.
COMMERCIAL
98 MILLER DRIVE
GROUND FLOOR
TENANCY
Let to a convenience store under the terms of a 15-year lease, from 25th September 2013, at a current rental of £10,000 per annum.
102 MILLER DRIVE
TENANCY
Let to a health and beauty clinic under the terms of an 18-year lease, from 26th November 2007, at a current rental of £10,000 per annum.
106 MILLER DRIVE
TENANCY
Let to a barber shop under the terms of a five-year lease from 25th March 2022 at a current rental of £11,000 per annum.
110 MILLER DRIVE
TENANCY
Let to a coffee shop under the terms of a five year lease from 25th March 2022 at a current rental of £11,000 per annum.
AUCTIONEER’S NOTE
The rents stated for 102,106 and 110 are reflective of those agreed by the landlord as a rent reduction during the Covid pandemic. These rents have never returned to the figures stipulated in the lease, which are £12,500 per annum, per property.
Further details including copies of the leases will be included in the legal documents, available to download from the Clive Emson website.
114, 118 & 122 MILLER DRIVE
TENANCY
All three units are occupied by the same tenant (the Day Nursery) and are let under the terms of a 28-year lease from 19th July 2004 at a current rental of £30,000 per annum.
FIRST FLOOR RESIDENTIAL
FLATS 100, 104, 112, 116 & 124
TENURE
All five flats are sold under the terms of 125-year leases from 29th September 1985 at a current ground rental of £50 per flat per annum.
FLAT 108
Living/dining room, kitchen, two bedrooms and bathroom with W.C.
TENANCY
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
FLAT 120
Living/dining room, kitchen, two bedrooms and bathroom with W.C.
TENANCY
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
TO BE SOLD AT AUCTION WITH CLIVE EMSON: FULL DETAILS AND LEGAL PACK AVAILABLE AT cliveemson.co.uk
- A FAMILY FIRM YOU CAN TRUST
Chapplins in Fareham is an award winning truly independent Family Business first opening its doors over 20 years ago by husband and wife team Clive Bryant and Beverley Green. The day to day running is now headed up by sales directors John Belstone M.N.A.E.A and Darren Johnstone M.N.A.E.A alongside team of experienced longstanding agents offering arguably the highest level of service locally which is promised and proven by being the most 5 star reviewed agent in Fareham.
- VIEWINGS 7 DAYS A WEEK
We are lucky to occupy a double fronted Grade II listed office at 9-11 West Street, Fareham, PO16 0BG. Located at the Historic High Street end of Fareham we benefit from a large amount of footfall from potential buyers and are able to carry out viewings 7 days a week unlike most of our competitors.
- QUALIFIED STAFF & LOCAL KNOWLEDGE
We are also extremely proud to say our staff have passed their level 3 exams in residential sales by the leading recognised body Propertymark. This is unbelievably still not a legal requirement in our industry however with Chapplins you can rest assured we are experts in our field and must follow strict regulatory guidelines protecting our clients.
Like our staff John and Darren live and have grown up in Fareham going to local schools and now have children of our own following in the same footsteps. This gives us a wealth of local knowledge while continuing to be a part of the local community and places us perfectly to help local clients sell and find their dream home.
To discuss anything relating to property sales from marketing to mortgage advice and conveyancing we are here to help.
