Leisure Facility for sale

Fountain Hall, 16 Edinburgh Road

Guide Price £10,000,000

Property Description

Key features

  • Freehold student investment opportunity close to the University of Portsmouth
  • 137 well-presented en-suite and fully catered rooms let from September 2019
  • Two refurbished commercial units including restaurant and bar
  • Potential to add two further storeys (STP)
  • Total gross income of approximately 1.35m per annum

Full description

The site extends to approximately 0.24 acres (0.097 hectares) with access directly from Edinburgh Road and Spring Street. The building offers prominent frontage to Edinburgh Road. The building is part three and part five storey of brick construction beneath a pitch tiled roof.

The property comprises of 137 student bedrooms, two commercial units and a substantial basement. The bedrooms and communal areas have all been finished to an excellent standard and vary in size from 6.6 sq m to 19.3 sq m.

The commercial unit facing Edinburgh Road trade as Noodels and comprises a ground floor restaurant containing approximately 24 covers. There is an open kitchen and storage area to the rear and customer WC. The commercial unit facing Spring Street trade as Street Balls and comprises a ground floor restaurant / bar containing approximately 50 covers. To the front of the property are ladies' and gentlemen's WC's and to the rear is a fully fitted trade kitchen. Access to the basement is via Street Balls.

The property is situated in Portsmouth City Centre close to the pedestrianised shopping area of Commercial Road and backing onto the Cascades Shopping Centre where many national retailers are situated. The property is located approximately 1.4 miles from Gunwharf Quays, a retail outlet and leisure destination with over 90 stores. Portsmouth and Southsea railway station is approximately 0.2 miles to the south and provides direct access to London Waterloo in approximately 1.5 hours.

The site is well connected by public transport with bus stops on Edinburgh Road providing access across the City. The University of Portsmouth is approximately 0.3 miles to the south.


More information from this agent

Nearest stations

  • Portsmouth & Southsea (0.1 mi)
  • Portsmouth Harbour (0.7 mi)
  • Fratton (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Southampton

2 Charlotte Place, Southampton, SO14 0TB

02382 200060 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 (0.1 mi)
  • Portsmouth Harbour (0.7 mi)
  • Fratton (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Southampton

2 Charlotte Place, Southampton, SO14 0TB

02382 200060 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.

Disclaimer - Property reference 12055D3B-DE1A-48C4-B272-5811FA7963A2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills , Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.