23 Portsmouth Road

Woolston, Southampton, SO19 9BA

1,749 sq ft
For Sale
Development / Investment / Residential / Retail

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Shop & Offices with Planning to Convert to Residential

Property Type Development / Investment / Residential / Retail
Tenure For Sale
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)

Key Features

  • Rare Development Opportunity
  • Centrally Located to Woolston just off High Street
  • Public Car Parking Nearby
  • Opportunity to Increase Residential Density
  • Planning Approved

Location

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.

Available area

The accommodation comprises of the following

NameSq ftSq mAvailability
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
Total1,749162.49 

Description

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.

Specifications

The property currently benefits from a first floor w.c. & wash hand basin, small kitchenette and a further Kitchen and w.c.

Terms

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

Planning Consent

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.

Other Costs

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.