Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view 207 West Street, Fareham, PO16 0EN 2,283 Sq Ft / Offices Withdrawn - Last updated: 22 October 2025 DescriptionThe town of Fareham is situated between Southampton and Portsmouth on the M27/A27. Southampton is approximately 15 miles to the west and Portsmouth about 8 miles to the south-east. The subject property is located within the town centre in a mixed commercial and residential location and adjoining properties comprising offices, secondary shopping and some residential. In close proximity, on the opposite side of West Street, is an Aldi supermarket.The property comprises a ground floor day nursery and four self contained flats on the upper parts. The ground floor day nursery is configured to provide an entrance hall, staff office, open plan toddler area with WC, store, staff room, kitchen, WC's, sleep room, open plan pre-school area and covered external space used for storage. Windows are uPVC double glazed. Externally, to the rear is a garden/play area. There is no off-street parking at the premises.The flats on the upper floor have been sold off.AccommodationGIA - 2,283 sq.ft (212.1 sq.m)PlanningUnder the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.RatingRateable Value£14,500Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (XXX payable per £1).TermsOffers invited in the region of £250,000 for the freehold interest subject to contract and subject to the existing tenancies. A purchase at this level shows a Net Initial Yield of 8.2% after allowing usual buyers costs. Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.Ground floor is let by way of a lease dated 5th March 2020 for a term of 10 years at a passing rent of £24,000 per annum, expiring 5th March 2030. The tenant is Turtles Day Nursery Limited.The lease is subject to an open market upward only rent review and a break clause on the fifth anniversary. The x4 flats on the upper floor have been sold off on long leasehold for a period of 125 years dated 26th August 2010.We understand that each flat has a ground rent income of:- £150 per annum for the first 50 years.£200 per annum for the next 50 years. £250 per annum for the last 25 year.( Agency Pilot Software ref: 10266 ) Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist