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| 312 LONDON ROAD, WATERLOOVILLE, HAMPSHIRE, PO7 7DX |
Guide: £750,000 - £800,000 |
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FREEHOLD COMMERCIAL INVESTMENT WITH POTENTIAL FOR RESIDENTIAL DEVELOPMENT ABOVE
Currently Let At: £48,350 Per Annum
The property is situated in the main pedestrianised shopping centre of Waterlooville, to the north of the City of Portsmouth.
The whole building is currently let to HSBC Bank Plc and it is considered that the upper parts of the building lend themselves to further development, subject to all the necessary consents being obtainable.
The Local Planning Authority have responded positively to the principal of a scheme for six residential units above the existing building, subject to design considerations and a detailed planning application. Copies of correspondence and an indicative plan are available for inspection at the Auctioneer’s Office. Tel: 0845 6001265.
Planning
Interested applicants are advised to make their own enquiries regarding future development of the site with the Local Planning Authority, the Havant Borough Council, Civic Offices, Civic Centre Road, Havant, Hampshire, PO9 2AX. Tel: 023 9244 6015.
Existing Accommodation
Ground Floor
Extending to 3,849 sq.ft. (357 sq.m.).
First Floor
Ancillary space extending to 558 sq.ft. (52 sq.m.).
Outside
Parking/yard to the rear.
Tenancy
Let to the HSBC Bank Plc on a fully repairing and insuring lease for a term of 15 years from 1st August 2009 at a current rental of £48,350 per annum, with five yearly rent reviews.
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