Retail Space FOR RENT in Fareham, Hampshire

Property Description

Locks Heath Shopping Village – Retail Unit To Let – Fareham, Hampshire
Locks Heath Shopping Village is a well-established, affluent suburban retail destination situated midway between Southampton and Portsmouth in South East England. Owned and managed by NewRiver, this outdoor retail park offers approximately 97,900 sq ft of well‑configured space anchored by Waitrose and complemented by a mix of national and independent retailers. The centre features extensive free parking (circa 500 bays), sees an annual footfall of around 2.9 million and commands an average basket spend of approximately £26
Centrally located in the Locks Heath area of Fareham (SO31 6DX), the village is highly accessible via Centre Way, with nearby road links to the M27 and frequent bus routes connecting to Southampton and Fareham town centre
Locks Heath itself is a prosperous suburb within the Fareham Borough, in the county of Hampshire .
Average headline rent: approximately £8.50 per sq ft overall (as at March 2025)
Specific first-floor retail unit currently available at Units 34–37, measuring 2,250 – 4,450 sq ft, with rent at £13 per sq ft, equating to approx £29,256 per annum (£2,438 per month)
The unit is offered on a new full repairing and insuring (FRI) lease under Use Class E, suitable for a range of commercial uses
Anchored by Waitrose and enhanced by key tenants such as Costa, Iceland, Morrisons Daily, Cook, Anytime Fitness and Pizza Hut, the scheme delivers a resilient blend of convenience, grocery and leisure offer. With 97% occupancy and a 100% tenant retention rate, the centre demonstrates stability and performance
Strong local catchment: Serving a residential catchment exceeding 130,000 people within a 10‑minute drive, plus 2.9 million annual visitors
Free parking and convenience: 500 dedicated free spaces ideal for quick retail and grocery shopping.
Flexible space: Units range from 2,250–4,450 sq ft, adaptable for gym, retail, food or service uses under the new Use Class E regulations
Strong centre metrics: 97% occupancy, £8.50 psf average rent, 100% retention, and robust footfall.
To enquire about availability, secure specific unit plans, rent profiles or discuss tailored lease terms, please contact Fraser Bond, who leads our commercial leasing team in the region. Price is confirmed at £13 psf, but please note rent is quoted per square foot per annum and subject to VAT and service charge.

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Fraser Bond is available to support tenant and investor interest with detailed financial schedules, unit layouts, and site visits. Contact details are available upon request—please reach out to initiate your tailored enquiry.