Development opportunity for sale in Fareham

This property is marketed by:
Colliers

Prime Commercial Development Opportunity

Key Features

• Prominent site located fronting the A27
• 150-year ground lease available with a rent of £3,000 pa subject to review
• The site extends to approximately 2.9 acres (1.17 ha) Gross Area
• Located close to junction 9 of the M27
• Site suitable for the development of employment generating uses

Description

The site has a gross area of approximately 2.9 acres (1.17 ha) and is predominantly surfaced with tarmac from its previous temporary use as a road maintenance depot. It is irregular in shape and broadly level. The land fronts the A27 with circa 27,915 daily vehicle movements immediately outside with a further c110,000 daily traffic movements on the M27. (www.roadtraffic.dft.gov.uk) Access to the site is directly off Cartwright Drive.

Location

The site has extensive frontage to the A27 Southampton Road at the St Margaret’s roundabout junction on the edge of the village of Titchfield, to the west of Fareham.

Opposite the site there is a Shell/Waitrose petrol station and a Holiday Inn hotel whilst towards the rear of the site is an extensive industrial estate comprising the IO Centre and Matrix Park. St Margaret’s roundabout is situated approximately 1.4 miles south of junction 9 of the M27 via the A27. 

Opportunity

Available by way of a 150-year ground lease with a commencing rent of £3,000 pa subject to 5-yearly rent reviews to RPI compounded with a 2-4% collar and cap. A Development Brief from Hampshire County Council together with further details are contained within the Data Room.