Commercial Development for sale

1 -3 Warwick Crescent, Portsmouth

Offers in Region of £475,000
5,091 sq. ft.

Property Description

Commercial information

  • 5,091 sq ft (472 sq m)

Key features

  • Well located site
  • Within walking distance of Southsea, Gunwharf Quays and The University of Portsmouth
  • Close to city centre and public transport links
  • Popular student and residential location
  • Planning consent one for eight apartments
  • Planning consent two for four five-bedroom and one six-bedroom student cluster (26 rooms in total)
  • Strong residential and student markets within the city
  • Guide price 475,000 STC

Full description

Description

Freehold Residential or Student Development Opportunity

Location

Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.

The property is situated on Warwick Crescent which is located within a popular residential area close to the city centre and within walking distance of Southsea, Gunwharf Quays and The University of Portsmouth.

Planning

The property comprises a triangular vacant site and benefits from two planning consents.

Planning consent one is for the construction of a three storey block of apartments, comprising of eight self contained flats to include refuse and cycle store with associated amenity garden space and car parking (Planning Reference No: 18/02011/FUL).

Planning consent two is for the construction of a 3-storey block of 4no. 5-bedroom and 1no. 6-bedroom student accommodation cluster apartments with associated refuse and cycle stores and amenity space (Planning Reference No: 19/01697/FUL).

VAT

We understand the property is not registered for VAT.

Business Rates / Council Tax Band

Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d. ).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

Guide price of £475,000 for the freehold interest, subject to contract.


More information from this agent

Nearest stations

  • Portsmouth & Southsea (0.4 mi)
  • Fratton (0.6 mi)
  • Portsmouth Harbour (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Flude Property Consultants, Portsmouth

114 Kingston Crescent, Portsmouth, PO2 8AL

02382 200142 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portsmouth & Southsea (0.4 mi)
  • Fratton (0.6 mi)
  • Portsmouth Harbour (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Flude Property Consultants, Portsmouth

114 Kingston Crescent, Portsmouth, PO2 8AL

02382 200142 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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