Commercial development for sale
Property description & features
- Tenure: Freehold
- Outline planning consent for 44 units of student accommodation
- Less than 0.5 miles from the Queen Alexandra Hospital
- Generous en-suite cluster rooms from 14 – 36 sq m
- Prominent corner site close to A3
- Public transport routes nearby
- Shopping and local amenities within 200m
The site extends to approximately 0.198 acres and currently supports a single storey commercial building. Vehicular access is available from Northern Road and an underpass immediately in front of the site enables pedestrians to cross the A3/A397 to access the QAH.
Viewings
The site is available for viewing from the public highway.
Location
Cosham is a northern suburb of Portsmouth, a city situated on the central south coast with a district population of approximately 205,056 persons (2011 Census). Forming part of the wider Solent conurbation, Cosham is located immediately north of Portsea Island and lies approximately 3 miles north of Portsmouth city centre, 3.75 miles west of Havant and 14.5 miles east of Southampton.
Terms
An asking price of £950000 is required for the freehold interest.
Planning
The site benefits from outline planning approval dated 24th March 2023 for redevelopment as a 44 unit student accommodation building over lower ground, ground and 5 upper floors.
A copy of the planning consent and associated documentation can be found on Portsmouth City Council’s website under reference 19/00747/OUT.
VAT
All rents, prices and premiums, etc., are quoted exclusive of VAT at the prevailing rate.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
Property information from this agent
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