For Sale
Former Car Park,
Staunton Street,
Portsmouth,
Hampshire,
PO1 4EJ
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Development, Industrial and Warehouse
0.35 Acres (0.14 Hectares)
- Central location in Portsmouth
- Located close to Portsmouth's prominent commercial district
- Exciting opportunity with potential for a purpose built student accommodation scheme
- Would suit alternative uses such as residential or commercial uses (stp)
- Suitable for owner occupiers, investors and developers
- Freehold interest with vacant possession
- Guide price £600,000 stc
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.
The former car park is situated on the east side of Staunton Street, a site that is in close proximity to Commercial Road and the Cascades Shopping Centre. The immediate surrounding area is predominantly residential.
Description
The site comprises a large, open area that is roughly rectangular in shape and is constructed with tarmac flooring. We understand that the site is an inactive car park that historically served a former office building.
Accommodation
The site has the following approximate area:
| Description | Acres | Hectares |
|---|---|---|
| Site Area | 0.35 | 0.14 |
| Total | 0.35 | 0.14 |
Energy Performance Rating
This site is exempt from requiring an EPC in its present form.
Planning
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
We understand that the previous use was as a car park associated with the former adjoining office building.
Planning had been submitted for the "Construction of part one, part two, part three, part four storey building to form Student Halls of Residence (Class C1) comprising 40no. studio bedrooms, common room, gym, and associated refuse and cycle storage."
More planning information available on request.
Link to application: https://publicaccess.portsmouth.gov.uk/online-applications/applicationDetails.do?keyVal=QWUWYDMOKVL00&activeTab=summary
Taxation
Rateable Value (2023): £22,750
Terms
We have been instructed to market the property with vacant possession and quote a price of £600,000 for the freehold interest subject to contract.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
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.