The Roofing Centre, Moneyfield Lane, Portsmouth, Hampshire, PO3 5AY

Description

The property comprises a large concrete and brick paved open yard, together with a number of industrial/workshop buildings including an office/trade-counter element towards the front of the site.

Overall, the site totals approximately 0.7 acres, with its main means of access being from Copnor Road. There are also separate accesses from Moneyfield Lane and Manor Park Avenue.

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 Copnor Road (A288), in the suburb of Copnor, within Portsea Island, approximately 1.7m south of junction12 of the M27 and 2 miles north of the city centre. The surrounding area is predominantly residential with some retail/commercial uses.

Planning

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

The site has potential for future residential development subject to planning. It has been identified in the councils Housing and Economic Land Availability Assessment Report (HELAA) - December 2023 - Reference BA01. The HELAA anticipates the site has capacity for 11 dwellings within the next 6 to 10 years.


VAT

We understand that the property is elected for VAT and therefore it is assumed that the sale will be treated by way of a Transfer of A Going Concern (TOGC).

Accommodation

We have measured and calculate the premises to have the following approximate Gross Internal Area (GIA):

Business Rates / Council Tax Band

Ratable Value 2023: £26,500

EPC

The property has an EPC rating of D-77 (expiring 26 November 2034). Potential to get into Band C with loft insulation within the offices and sales area.

Legal Fees

Each party to bear their own legal costs incurred.

AML

Due to Government legislation, we are legally obliged to undertake Anti-Money Laundering checks on prospective Purchasers / Tenants where a transaction has a capital value of €15,000 (Euro) or more or a rental value of €10,000 (Euro) per calendar month or more. This includes checking proof and source of funds. Please note that we need to obtain the relevant information and record this on file before a transaction can be contracted.