Acquired
Portsmouth – Retail Shop and Conversion of Offices to 10 x 1-Bed Flats
5/5A Arundel Street, Portsmouth PO1 1NBFreehold Shop and Residential Development Investment
Investment Consideration
- Comprising ground and two upper floors to provide a ground floor shop together with first and second floor self-contained offices
- Planning approved on 10th June 2020 for conversion of first and second floor office space to 10 self-contained flats
- Well located within Portsmouth City Centre
- Central position close to car parks, bus and rail stations
- Occupiers nearby include TSB Bank, Burton & Topman, Wilko, Pure Gym, Superdrug, Age UK, Waterstones and Lloyds Bank.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged as a ground and two upper floors to provide a ground floor shop together with first and second floor self-contained offices above, which are accessed via the covered passage at the rear. Part of the upper floors overfly the covered passage.
The property provides the following accommodation and dimensions:
Ground floor: 91.97 sq m (990 sq ft)
First floor: 132.76 sq m (1,429 sq ft)
Second floor: 132.76 sq m (1,429 sq ft)
The property provides the following accommodation and dimensions:
Ground floor: 91.97 sq m (990 sq ft)
First floor: 132.76 sq m (1,429 sq ft)
Second floor: 132.76 sq m (1,429 sq ft)
Tenancy Description
Vacant possession.
Tenancies & Accommodation
Location Description
The city of Portsmouth is a major south coast naval base, ferry port and university city, and is also an important retail and commercial centre. The city has a resident population of some 175,000 and benefits from excellent road communication, being served by the M27, M271 and A3(M) Motorways and the A27 dual carriageway. There are also regular rail services to London and major South West towns. The property is situated on the north side of the pedestrianised Arundel Street, close to its junction with Commercial Road in the heart of the city centre. Occupiers close by include TSB Bank, Burton & Topman, Wilko, Pure Gym, Superdrug, Age UK, Waterstones and Lloyds Bank.
