1,749 sq ft
Development / Investment / Residential / Retail
|Property Type||Development / Investment / Residential / Retail|
|Size||1,749 sq ft|
|Price||Offers in excess of £225,000|
|Business Rates||£1.41 per sq ft|
|Energy Performance Rating||Property graded as E-E (109 - 114)|
Situated midway down Portsmouth Road in the heart of Woolston along side the Itchen Bridge, it is perfectly located for residential development with a small commercial element.
The accommodation comprises of the following
|Name||Sq ft||Sq m||Availability|
|Ground - Retail||323||30.01||Available|
|Ground - Rear Office||282||26.20||Available|
|1st - Offices||572||53.14||Available|
|2nd - Offices||572||53.14||Available|
The subject property is a mid terrace 3 storey commercial building but previously was occupied by an Estate Agent on the ground floor and utilised as offices above.
The building is to be sold with vacant possession and the benefit of planning to convert the upper parts to residential and office space and retain the retail on the ground floor. The accommodation on the upper floors is in two distinct halves and can be accessed separately from the front and side of the building.
The building has the benefit of rear pedestrian access and it is considered that there may be scope to add another flat to the already consented scheme.
The property currently benefits from a first floor w.c. & wash hand basin, small kitchenette and a further Kitchen and w.c.
Available to purchase on the balance of a 999 year lease from 29th September 1855 at a peppercorn ground rent.
Offers in excess of £225,000
Full planning permission has been granted, further details available at https://www.southampton.gov.uk/planning/planning-applications/
Planning Application Summary - 23/00098/FUL 2nd floor rear extension, external alterations and conversion of the building into 3 studio flats with retention of commercial unit. (resubmission 20/000291/FUL) 23 Portsmouth Road Southampton SO19 9BA decision issued 20th April 2021.
Legal Costs - Each party are to be responsible for their own legal costs incurred in the transaction.
Unless otherwise stated all prices are exclusive of VAT.