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31-37 Charlotte Street, Portsmouth PO1 4AH

LANDMARK CITY CENTRE BUILDING WITH PLANNING GRANTED FOR 9 FLATS AND A RETAIL UNIT

This City centre property currently consists of a commercial unit offering 4155 sf over two floors of vacant commercial space. Planning has been granted under reference 18/01927/OUT for outline application for construction of a part 3/4/5 storey building (following demolition of existing building); comprising retail floorspace (Class A1) at ground floor and 9 residential units (Class C3) at first to fourth floor. The planning allows for a 2500 sf retail unit with 4 x one bedroom flats, 3 x two bedroom and 2 x three bedroom flats making this a prime City Centre development opportunity. Good road links serve the area with easy access onto the M27, M271 and A3(M) Motorways and the A27 dual carriageway. There are also regular rail services to London and major South West towns. The property is located on the south side of Charlotte Street at its junction with Brewer Street, opposite a public car park and within close proximity to Marks & Spencer and the Cascades Shopping Centre. We are advised that VAT is applicable to this lot.

ACCOMMODATION

The property is arranged on ground and one upper floor to provide a double fronted ground floor shop with storage accommodation above. The property provides the following accommodation and dimensions: Gross Frontage 14.75 m (48' 5") Shop Depth 12.05 m (39' 6") Built Depth 17.80 m (58' 5") Ground Floor 190 sq m (2,045 sq ft) First Floor 196 sq m (2,110 sq ft) Total 386 sq m (4,155 sq ft)

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Portsmouth City Council 023 9282 2251 Rateable Value £18,000

VIEWING TIMES

By appointment through the Auctioneers subject to Government Covid 19 guidelines.

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.