Description
Previously occupied by workshops for Wightlink Ferries the site is now cleared and hoarded. It is level and extends to approximately 0.423 acre (0.172 ha).

Location
The site is located at the northern end of Broad street on Old Portsmouth’s highly desirable “Spice Island” peninsular, in the heart of the Conservation Area.

The area offers a mix of character townhouses, apartments, commercial uses and public realm including The Point off bath square and the millennium promenade (to be extended around the site as part of the consent).

Nearby historic buildings include Portsmouth Cathedral and the Round Tower, which was built around 1418 to defend the entrance to Portsmouth Harbour.

The site overlooks Portsmouth Harbour and the highly successful Gunwharf Development with its food & beverage, leisure, retail and residential offering. Immediately to the south is the Broad Street public car park.

Viewings
Viewings to be undertaken strictly through the sole agent.

Terms
Vail Williams are instructed to offer the site for sale freehold with the benefit of the implemented consent described above. Consideration may also be
given to proposals that are subject to planning for an alternative scheme although this would not be the preferred route for the vendor.

Planning & Development
The site benefits from a 2007 planning consent for the development of:

• 7 x townhouses (7 x townhouses a mix of 3B6P, 4B8P & 5B10P)

• 7 x apartments (Ranging from 743-893 ft2 + a penthouse of 1,280 ft2 + roof terrace)

VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.

Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.

Anti-Money Laundering
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.