Acquired
Portsmouth – Shop & Office
5/5A Arundel Street, Portsmouth PO1 1NBFreehold Shops and Office Investment
Area
3,833 SQ FT
VAT Applicable
No
Investment Consideration
- Comprises 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
- Pedestrianised city centre location opposite Debenhams
- Close to Commercial Road
- Asset management and development opportunity
- Occupiers close by include TSB Bank, Debenhams (opposite), Burton & Topman, Clarks Shoes, Wilko, Pure Gym, Superdrug, Age UK, Bonmarché, Waterstones, Brighthouse and Lloyds Bank
VAT
VAT is not applicable.
Property Description
The property is arranged on 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. The shop intercommunicates with the adjacent shop (No 7) which also trades as Office Angels but is NOT included in the sale. Part of the upper floors overfly the covered passage.
The upper floors may lend themselves to residential conversion subject to obtaining all necessary consents. All enquiries should be referred to the local authority.
The upper floors may lend themselves to residential conversion subject to obtaining all necessary consents. All enquiries should be referred to the local authority.
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, Debenhams (opposite), Burton & Topman, Clarks Shoes, Wilko, Pure Gym, Superdrug, Age UK, Bonmarché, Waterstones, Brighthouse and Lloyds Bank.