Prominent City Centre location fronting Commercial Road
Close to Cascades Shopping Centre with occupiers including Marks & Spencer, Next and H&M
Other nearby occupiers include McDonald's, Sports Direct and Argos
Of interest to Owner Occupiers, Developers and Investors with Change of Use Potential
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 63
Auction 25th May 2017
Vacant Possession
Status Sold
Price £335,000
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Stonegate Pub Company
Property Information
Location
Miles
17 miles west of Chichester, 20 miles south-east of Southampton
Roads
A3, A27, M27
Rail
Portsmouth & Southsea Railway Station
Air
Southampton Airport
Situation
The property is situated on the western side of Commercial Road, Portsmouth's principal retailing thoroughfare. Cascades Shopping Centre, which fronts Commercial Road, is just a short walk away, with occupiers including Marks & Spencer, Next, New Look, and TK Maxx. Other retailers represented on Commercial Road include Boots the Chemist, Debenhams, WH Smith, JD Sports, and River Island. NCP Market Way Car Park is located to the rear of the property and provides car parking for over 500 cars. The bus stops for the northern end of the city centre are situated in close proximity.
Tenure
Freehold.
Location
Miles
17 miles west of Chichester, 20 miles south-east of Southampton
Roads
A3, A27, M27
Rail
Portsmouth & Southsea Railway Station
Air
Southampton Airport
Situation
The property is situated on the western side of Commercial Road, Portsmouth's principal retailing thoroughfare. Cascades Shopping Centre, which fronts Commercial Road, is just a short walk away, with occupiers including Marks & Spencer, Next, New Look, and TK Maxx. Other retailers represented on Commercial Road include Boots the Chemist, Debenhams, WH Smith, JD Sports, and River Island. NCP Market Way Car Park is located to the rear of the property and provides car parking for over 500 cars. The bus stops for the northern end of the city centre are situated in close proximity.
Tenure
Freehold.
Description
The property comprises a ground floor former nightclub/bar, with ancillary accommodation on the basement and ancillary and former staff accommodation on the first and second floors. To the rear of the property is a small yard area, formerly used as a beer garden.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor former nightclub/bar, with ancillary accommodation on the basement and ancillary and former staff accommodation on the first and second floors. To the rear of the property is a small yard area, formerly used as a beer garden.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Total Floor Area (Approx)
Possession
Ground Basement First
Second
Nightclub/Bar Ancillary Nightclub/Former Staff Accommodation (1 bedroom, living room, office, kitchen) Former Staff Accommodation (2 bedrooms, bathroom, store)