Lloyds Bank and The Fisheries, The Square, Wickham, Fareham, PO17 5JQ

Description

The village of Wickham is an attractive and affluent location situated approx. 3 miles north of Fareham and the M27 Motorway. The main commercial centres of Portsmouth and Southampton are within a circa 10 mile radius. The property is situated in a prime trading position in The Square which has plenty of shopper parking.

The property comprises a former Lloyds Bank being a centre terraced building arranged over two floors beneath a main pitched and tiled roof. There are single storey extensions at the rear and rear access. Adjoining this and forming part of the freehold title is "The Fisheries" a fish and chip shop at ground floor level with a self-contained one bedroom flat above, with separate rear access. There is also some parking at the rear.

Accommodation

Lloyds Bank- Shop/Banking Hall - 65.31 sq.m (703 sq.ft)
Office - 9.84 sq.m (106 sq.ft)
Strong Room - 20.53 sq.ft (220 sq.ft)
Storage - 14.67 sq.m (158 sq.ft)
First Floor Staff Room- 16.62 sq.m (179 sq.ft)
Ancillary Offices- 22.95 sq.m (247 sq.ft)
Male and Female WC's
The Fisheries Shop - 40.41 sq.m (435 sq.ft)
Flat - 1 Bedroom - 37.75 sq.m (406 sq.ft)
Total NIA - 227.98 sq.m (2,454 sq.ft)

Planning

The property is not as far as we are aware listed but does form part of The Wickham Conservation Area. Interested parties are advised to make their own enquiries about any intended use or development.

EPC Text

Asset Rating:
Lloyds Bank - C68
The Fisheries - C67
The Flat over Wickham Fisheries - E40

Rating

Rateable Value - Lloyds Bank - £16,000
The Fisheries - £8,400
Source www.voa.org.uk The 2021/2022 standard multiplier is 0.499 (XXX payable per £1). The 2020/2021 small business multiplier is 0.499 (XXX payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

Offers invited in the region of £700,000 for the freehold interest subject to contract. Consideration will be given to selling the fisheries on a separate sale from the main bank building.
Offers in the region of £450,000 for Lloyds Bank on its own.
Offers in the region of £250,000 for The Fisheries on its own subject to the tenancy at will.

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.

The bank will be provided with vacant possession. The Fisheries will be subject to a tenancy at will at a fee of £10,700 per annum which includes the flat above. Vacant possession may be possible and we feel the income is reversionary. Further details and discussion available.
( Agency Pilot Software Ref: 3669 )