The site has a prominent corner position and comprises the former social club which occupies the western side of the site. The eastern side immediately abuts two rows of garages and a sub-station.
It is connected by both Laburnum Grove and Chichester Road to the busy arterial London Road, which has great accessibility to the A27 and M27 via the M275 to the west and easy route to the Eastern Road to the east.
Paddington Road is only a short distance to Portsmouth City Centre and Southsea, and there is a bus route, along the adjoining Chichester Road. There are also a number of places of worship within the vicinity, although this property
may also suit development back to a residential use.
Havant Road serves the local community with many independent occupiers and some national retailers such as KFC, Co-Operative Food, Fry & Kent Estate Agents and Pet Doctor’s Veterinary Clinic.
Portsmouth is a major city and port in Hampshire on the South Coast, situated about 20 miles to the
east of Southampton, with a population said to be around 205,000. Retail in the city centre is focused
on Commercial Road, and this property is to be found just yards off this in Edinburgh Road, in close
proximity to the likes of RBS, Iceland, Barclays, Yorkshire Bank, STA Travel, and Debenhams.
The property comprises a three storey retail unit (the tenant being a Sui Generis use) with Golden
Touch Amusements on the ground floor. The property is well fitted out for its current use and has been
given a modern feel with a painted suspended ceiling, inset spot lighting, carpeting and CCTV.
The first floor provides customer and staff toilets while a further self contained area has been
refurbished as offices for the tenant company, consisting of a kitchen & office on the first floor and a
further 2 offices and a small storeroom on the second floor.
ACCOMMODATION
Ground floor retail unit/amusement arcade -
Total Net Area 955 sq ft
First floor ladies and gents WCs
Rear access.
S/C first and second floor offices of about 350 sq ft per floor
TENANT
The whole is let to Southern City Leisure Ltd, a private limited company whose principal activity is that
of amusement leisure centres, having 11 current branches. In the year ended 31 December 2016 their
turnover was just over £5m (up from £4.2m the year before) with a net profit for the year, after tax, of
£610,000. Total assets less current liabilities are over £2m.
Full trading accounts can be provided to interested parties.
TERMS
The premises are let to Southern City Leisure Ltd on a 10 year FRI lease from 7th April 2014, with an
upward only rent review at April 2019, at a passing rent of £24,000 pa exclusive of rates. There is no
VAT applicable
PRICE
The freehold is for sale subject to the subsisting lease at a price of £295,000 representing a net initial
yield of 7.88%
EPC: B 43
RATES RV £17500
( Agency Pilot Software Ref: 1122 )
* Please call for more details
( Agency Pilot Software Ref: 1027 )
Prominent Roadside Development Site Suitable for a Variety of Uses
Location
"Teardrop" is prominently located on the M27 with a unique position centred within the slip roads accessed from Portway, Port Solent conveniently positioned off Southampton Road/A27 providing a superb location for both City Centre and motorway access. The site is in close proximity to Premier Marinas' 400 berth marina with associated leisure facilities, cinema, David Lloyd Leisure, restaurants. Junction 12 of the M27 is a popular and established commercial location with IBM UK headquarters located at the successful Lakeside office campus together with North Harbour Business Park, home to Blake Lapthorn Solicitors, Land Rover and 24/7 Tesco Super Store. The site will suit a business seeking both excellent communications but also the opportunity to benefit from high profile being sited on the eastern gateway to the M27 motorway corridor.
Additional Details
The site is approximately 5 acres and will be accessed from Port Way, Port Solent via an underpass to the motorway slip road. The site represents a high profile location for an occupier. There is an easement enabling an underpass to be constructed beneath the M27 link road providing access from Port Solent Estate Road - Port Way. A planning application will be required to suite an occupier's requirements. However, it is understood that Portsmouth City Council have responded favourably for a commercial development on this site for a variety of uses. However, it is believed that a warehouse/industrial building with ancillary offices would be best suited. The site is a "The Gateway" location to Portsmouth and the Solent corridor and the planning department will wish to have a strong influence on the design and nature of the scheme.
Prominent Roadside Development Site Suitable for a Variety of Uses
Location
"Teardrop" is prominently located on the M27 with a unique position centred within the slip roads accessed from Portway, Port Solent conveniently positioned off Southampton Road/A27 providing a superb location for both City Centre and motorway access. The site is in close proximity to Premier Marinas' 400 berth marina with associated leisure facilities, cinema, David Lloyd Leisure, restaurants. Junction 12 of the M27 is a popular and established commercial location with IBM UK headquarters located at the successful Lakeside office campus together with North Harbour Business Park, home to Blake Lapthorn Solicitors, Land Rover and 24/7 Tesco Super Store. The site will suit a business seeking both excellent communications but also the opportunity to benefit from high profile being sited on the eastern gateway to the M27 motorway corridor.
Additional Details
The site is approximately 5 acres and will be accessed from Port Way, Port Solent via an underpass to the motorway slip road. The site represents a high profile location for an occupier. There is an easement enabling an underpass to be constructed beneath the M27 link road providing access from Port Solent Estate Road - Port Way. A planning application will be required to suite an occupier's requirements. However, it is understood that Portsmouth City Council have responded favourably for a commercial development on this site for a variety of uses. However, it is believed that a warehouse/industrial building with ancillary offices would be best suited. The site is a "The Gateway" location to Portsmouth and the Solent corridor and the planning department will wish to have a strong influence on the design and nature of the scheme.
Design & build opportunities for Headquarters offices, hi-tech manufacturing and retail, hotel and medical.
Location
The 101-acre Lakeside North Harbour campus is only three miles from Portsmouth city centre and the continental ferry port and has good public transport links. The A3 (M) which leads to the M25 and London is four miles to the east and Southampton city centre and Southampton International Airport, less than 20 miles to the west.
Additional Details
Design & build opportunities for Headquarters offices, hi-tech manufacturing and retail, hotel and medical.
( Agency Pilot Software Ref: 918 )
( Agency Pilot Software Ref: 126 )