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82 Locksway Rd 613 sq ft Vacant Retail Property Southsea PO4 8JP £140,000 (£228.38/sq ft)
Investment Highlights
- Freehold commercial development opportunity
- Strong potential for conversion (STPP)
- Valuable rear access
- Established B1 office use for over 30 years
- Options for residential or mixed-use redevelopment
- Offered via Modern Method of Auction
Executive Summary
82 Locksway Road represents a rare opportunity to acquire a freehold commercial development property with significant future potential. The building has been used as office accommodation for over 30 years under B1 use, but offers strong scope for conversion or redevelopment, subject to the necessary planning consents. Potential alternative uses include residential conversion (single dwelling or flats) or a mixed-use scheme. The property also benefits from valuable rear access, enhancing development flexibility.
Property Facts
Sale Type
Investment or Owner Occupier
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
613 sq ft
Costar Property Class
C
Year Built
1960
Price
£140,000
Price per sq ft
£228.38
Occupancy Rate
Vacant
Number of Floors
2
Plot ratio
0.48
Total Plot Size
0.03 ac
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Nearby Major Retailers
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82 Locksway Rd
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