For Sale
170 Copnor Road,
Portsmouth,
Hampshire,
PO3
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Retail, Food and Beverage, Development, Investment, Leisure (Class D1, D2 and Other)
1,160 Sq Ft (107.76 Sq M)
- Busy retail location and vehicular thoroughfare
- Investment opportunity or perfect for owner occupier
- Comprises a ground floor shop and one bedroom flat above
- Freehold interest
- Rear Garden
- 100% small business rate relief eligible
- £170,000
- Sold with vacant possession
- Nearby occupiers include Boxalls, Mehmet Kitchen and One Stop
Location
Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.
Copnor is a busy thoroughfare through Portsmouth and is a busy secondary retail location. Copnor Road serves a dense residential population and benefits from good on-street parking. Nearby occupiers include the Co-op, Ladbrokes, Launderette and other independent occupiers.
The property is situated on the eastern side of Copnor Road, near its junction with Seafield Road.
Description
Vacant Ground Floor Shop and Flat for Sale
Total Size - 107.75 sq m (1,160 sq ft)
Accommodation
The accommodation comprises of a two-storey self contained unit with ground floor shop, previously used as a takeaway. The extraction has been removed. The first floor is accessed through the shop and has three rooms, previously used as a flat. There is a garden at the rear of the property.
We have measured and calculate the premises to have the following approximate Net Internal Area (NIA) and the flat with the following approximate Gross Internal Area (GIA).
Ground Floor Shop - 67.23 sq m (724 sq ft)
First Floor Flat - 40.53 sq m (436 sq ft)
Total Size - 107.75 sq m (1,160 sq ft)
Garden - 44.61 sq m (480 sq ft)
Energy Performance Rating
We understand the property has an EPC rating of C.
Planning
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Taxation
Rateable Value (2023): £5,600
The occupier may be entitled to 100% Small Business Rate relief.
Terms
We have been instructed to market the property with vacant possession and quote a price of £170,000 for the freehold interest subject to contract.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.