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Agent's details

Site A & B, Osborne Road, Osborne Road

For sale: POA|0.17 - 0.45 Acre|Other, Leisure Property, Residential, Office, Other Property Types & Opportunities, Licensed & Leisure, Offices

Property details

FOR SALEPOA
SIZE0.17 - 0.45 Acre
ADDRESSSite A & B, Osborne Road, Osborne Road, Southsea, PO53LT
TYPEOther, Leisure Property, Residential, Office, Other Property Types & Opportunities, Licensed & Leisure, Offices
TENUREUnder Offer, For Sale Freehold
POSTED ON9th July 2021

Description

Key Points

  • Located in Southsea opposite Southsea Common and the seafront
  • Close proximity to the shops and restaurants in Osborne Road and Palmerston Road
  • Suitable for a number of uses (subject to the necessary planning consents)
  • Site A extends to approximately 0.17 acres (0.067 hectares)
  • Site B extends to approximately 0.28 acres (0.114 hectares)
  • The sites are available individually or as one combined site
  • Summary

    Development opportunity located in Southsea opposite Southsea Common and the seafront.

    Description

    The combined site extends to approximately 0.45 acres (0.181 hectares) with access directly from Osborne Road and Clifton Road. To the north and east of the site are commercial and residential properties, to the south area retirement apartments and to the west is the Queen's Hotel. Site A comprises the former Buzz Bar which is to be demolished as per the planning permission and some vacant land immediately to the east. Site B comprises the buildings 18, 20, 22 and 24 Osborne Road part of which was used as the former Grosvenor Casino. There is also a small shop contained within the building, this was last occupied in January 2019. The combined site is subject to a master plan approach of a wider development site comprising the Queens Hotel, land to the south of the Queens Hotel and Sites A and B. The Queens Hotel which was originally constructed in 1861 has been under new ownership since early 2017 and is currently undergoing an extensive refurbishment programme.

    Viewings

    All on-site inspections are to be co-ordinated through Savills. Viewing dates will be arranged with interested parties on a date to be confirmed. Access onto the site outside of these specified times is strictly prohibited. Prior to viewing, interested parties are advised to discuss any particular points which are likely to affect their interest in the site.

    Location

    The site is located in Southsea opposite Southsea Common on the south side of Osborne Road and the seafront home to Clarence Pier, Portsmouth Aquarium, the D-Day Museum and Southsea Castle. Palmerston Road and Clarendon Road are accessed from Osborne Road and comprise a variety of shops, cafes, bars and restaurants referred to as Southsea Shopping Parade. Gunwharf Quays, a premium retail outlet with bars, restaurants and a cinema, is located 0.94 miles (1.51 kilometres) to the north west. Portsmouth and Southsea railway station is approximately 0.94 miles (1.51 kilometres) north of the site and Portsmouth Harbour Station 1.16 miles (1.86 kilometres) north west of the site, both of which provide direct access to London Waterloo in approximately 1.5 hours. The M275 leads directly out of the city and connects with junction 12 of the M27 and thereafter the national motorway system. The site is well connected by public transport with two bus stops on Osborne Road serving routes 6 and 23 providing access across the city and up to Leigh Park. The University of Portsmouth has a population of more than 25,000 students and 2,500 full-time equivalent staff and was voted the 25th best university in the UK according to the Guardian University Guide 2019.

    Terms

    Offers are invited to identify: • Purchase price • Deposit sum • Any conditions of the purchase • Name and address of offering party • Name and address of purchaser’s solicitor and the same of acting solicitor • Confirmation of how the purchase will be funded • Board approval requirement

    Additional information

    The site lies within the administrative boundary of Portsmouth City Council (PCC). None of the buildings are listed but the site does fall within the Owen's Southsea Conservation Area.

    Tenure

    The site will be sold freehold with vacant possession on completion.

    Method of sale

    Savills are instructed to secure an unconditional or conditional sale for the site. The site will be sold, subject to contracts, and all offers should be for a fixed sum and unrelated to any other offer. The vendor is not obliged to accept the highest or any offer.

    Location

    marker
    Location: Site A & B, Osborne Road, Osborne Road, Southsea, PO53LT

    Portsmouth & Southsea (0.9 miles)

    Fratton (1.1 miles)

    Portsmouth Harbour (1.1 miles)

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