Air Space Above, 77-79 High Street, Cosham, Portsmouth, Hampshire, PO6 3AZ

Description

The subject development space comprises the air space above Kestrel Court.

Utilities - Individual electrical services were installed by SSE for 2 existing flats on the ground floor, 3 shops and a landlord supply, with provision in place on the BNO supply for the 8 new flats. New individual water supplies have also been installed.

Steel Grillage - Fabrications of steelworks have been undertaken on the ground floor to facilitate the construction of the upper parts. However, there will be some additional costs to prove the existing grillage is acceptable for the additional load. The new structural engineer will also need to design the additional ground floor steels and pad stones to rear left corner and the connection to existing grillage.

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 located in Cosham, which is a busy suburb of Portsmouth. Nearby occupiers include Peacocks, Greggs, Costa, Specsavers and Betfred.

Planning

In July 2023, planning permission (21/01774/FUL) was granted for Construction of two separate 2-storey roof extensions above existing building with connecting walkways and communal roof terraces to form 8 dwellings; alterations at ground floor to create new entrance fronting Dorking Crescent and associated refuse storage facilities.

4 x 2 bedroom flats and 4 x 1 bedroom flats.

CIL payment is required, cost to be determined.

Further information on request.

VAT

We understand that the property is not elected for VAT.

EPC

This site is exempt from requiring an EPC in its present form.

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.