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63-65 Albert Rd 3,570 sq ft Retail Property Southsea PO5 2RY £695,000 (£194.68/sq ft)



INVESTMENT HIGHLIGHTS
- For Sale.
- Vacant Possession.
- Prominent Position.
- Development Potential STP.
- Central Southsea.
EXECUTIVE SUMMARY
The property is available to purchase freehold with vacant possession at offers in excess of £695,000 exclusive.
The property comprises a two storey building which benefits from a prominent corner position. The building was built in two phases in the 50's to home a printing business. The premises is split between workshop and retail space with the latter forming approximately a 6th of the overall space. Pedestrian access is provided to the front and right hand flank with a garage and a rear loading door. The ground floor consist of retail and workshop space with ancillary offices, bin store and garage. The first floor is principally open plan providing workshop and office accommodation. We are of the view that the property could be converted in to other uses subject to obtaining all necessary consents and approvals.
The property is situated in Southsea in Portsmouth a major regional port and hub for commercial activity, forming part of the south coast conurbation between Brighton in the east and Bournemouth in the west. Albert Road is situated in the heart of Southsea with Victoria Road South to the west and Highland Road to the east. The property is located a short distance from the Kings Theatre, with a range of independent and national occupiers close by including; Kings Estates, The Co-Op, Southsea Gallery and The Vaults Pub.
The property comprises a two storey building which benefits from a prominent corner position. The building was built in two phases in the 50's to home a printing business. The premises is split between workshop and retail space with the latter forming approximately a 6th of the overall space. Pedestrian access is provided to the front and right hand flank with a garage and a rear loading door. The ground floor consist of retail and workshop space with ancillary offices, bin store and garage. The first floor is principally open plan providing workshop and office accommodation. We are of the view that the property could be converted in to other uses subject to obtaining all necessary consents and approvals.
The property is situated in Southsea in Portsmouth a major regional port and hub for commercial activity, forming part of the south coast conurbation between Brighton in the east and Bournemouth in the west. Albert Road is situated in the heart of Southsea with Victoria Road South to the west and Highland Road to the east. The property is located a short distance from the Kings Theatre, with a range of independent and national occupiers close by including; Kings Estates, The Co-Op, Southsea Gallery and The Vaults Pub.
PROPERTY FACTS Sale Pending
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,570 sq ft
Costar Property Class
C
Year Built
1955
Price
£695,000
Price per sq ft
£194.68
Tenancy
Single
Number of Floors
2
Plot ratio
1.31
Total Plot Size
0.06 ac
Frontage
40 ft on Albert Road
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63-65 Albert Rd
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