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Oliver Ridley


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ref: 24331

Available
Under Offer
Price
£1,250,000 (€1,425,625 approx)
Location
Commercial Road, Portsmouth, PO1 4BY
Property Type
Development Opportunity
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DESCRIPTION


The property, which is approximately 0.26 acres (0.11 ha) in size, is situated in close proximity to the centre of Portsmouth and its main shopping district. The property is used as a petrol filling station (Sui Generis), currently let to Texaco, with a car wash and a large hardstanding / parking area.


KEY FEATURES



attribute
Approximately 0.26 acres (0.11 ha) in size. Petrol filling station (sui generis) with a car wash and associated parking.

LOCATION


The site is located to the south and east of Fitzherbert Street and to the west of the A3. The Cascades Shopping Centre is 0.3 miles to the south, Portsmouth & Southsea Train Station is 0.5 miles to the south with Portsmouth Harbour Train Station 1.2 miles to the south west of the site. Portsmouth & Southsea Train Station provides frequent services to London Waterloo with a fastest direct journey time of 1 hour 28 minutes. Gunwharf Terminal is situated 1.4 miles away and provides hourly ferry services to the Isle of Wight with a journey time of 45 minutes. Portsmouth International Ferry Port is approximately 0.6 miles to the north and provides direct services to Cherbourg in France with a fastest journey time of 3 hours.


PLANNING


The site is zoned within Portsmouth City Council’s Local Plan as an ‘area suitable for a tall building/structure’. However the site does not benefit from a comprehensive planning permission for a change of use.


TENURE


Freehold for sale 'subject to planning'.


TERMS


Available with vacant possession.The property is for sale by private treaty. The Vendor is not obliged to take the highest or any offer. The Vendor reserves the right to run an informal tender process should sufficient interest in the Property arise.


VAT


Please note that VAT will be payable on the purchase price at the prevailing rate.


LEGAL COSTS


Each party to bare own legal costs.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 19/07/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499