TYPEHealthcare, Residential, Land, Other Property Types & Opportunities, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON26th January 2021
Freehold Residential or Student Development Opportunity
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 Warwick Crescent which is located within a popular residential area close to the city centre and within walking distance of Southsea, Gunwharf Quays and The University of Portsmouth.
The property comprises a triangular vacant site and benefits from two planning consents.
Planning consent one is for the construction of a three storey block of apartments, comprising of eight self contained flats to include refuse and cycle store with associated amenity garden space and car parking (Planning Reference No: 18/02011/FUL).
Planning consent two is for the construction of a 3-storey block of 4no. 5-bedroom and 1no. 6-bedroom student accommodation cluster apartments with associated refuse and cycle stores and amenity space (Planning Reference No: 19/01697/FUL).
We understand the property is not registered for VAT.
Business Rates / Council Tax Band
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).
Each party to bear their own legal costs incurred.
Guide price of £475,000 for the freehold interest, subject to contract.