Lot 104 Retail Premises - Formerly Seven Houses With Potential For Conversion Or Re-developmentAuction Date:
21st September 2022
91-103 New Road, Portsmouth, PO2 7QP
Originally seven terraced houses, this substantial freehold site was the home of the Marriott's furniture business from the mid-1920s onwards. As the business expanded, more of the terraced houses were purchased to accommodate the growth of the business and the site now incorporates what would have been seven of the original Victorian homes. The first floor accommodation remains with a very residential feel in places, whilst the ground floor has been modified and extended to the rear to create the existing retail and workshop space.
It is considered that the original terrace of houses could be reinstated or perhaps purchasers may have other thoughts as to the potential re-development of the site, which extends to 0.12 hectares (0.31 acres), subject to all necessary consents being obtainable.
Ground Floor
Main retail area, ancillary rooms and offices and rear storage/workshop area.
First Floor
Numerous inter-connected office/store rooms.
Local Planning Authority
Portsmouth City Council. Tel: 023 9283 4334. Website: portsmouth.gov.uk.
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
