227 Commercial Road Portsmouth Hampshire PO1 4BJ

  • 227 Commercial Road<br>Portsmouth<br>Hampshire<br>PO1 4BJ

227 Commercial Road
Portsmouth
Hampshire
PO1 4BJ

Freehold Leisure Opportunity

  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Stonegate Pub Company
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Freehold Leisure Opportunity

  • 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)
726.00 sq m
(7,815 sq ft)
 Vacant Possession
Total  
726.00 sq m
(7,815 sq ft)
  

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Savills 1 New Change
London
EC4M 9AF
Paul Breen 0207 7877 4555pbreen@savills.com
Seller's Solicitors
Charles Russell Speechlys LLP 5 Fleet Place
London
EC4M 7RD
Mark White 020 7427 6556mark.white@crsblaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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