The Old Treasury
7 Kings Road, Southsea, PO5 4DJThe Space
INCOME PRODUCING INVESTMENT & DEVELOPMENT OPPORTUNITY
At a glance
| Property Type | Development / Investment |
| Tenure | For Sale |
| Size | 15,225 sq ft |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Portsmouth and Southsea
10 mins
Portsmouth Harbour
13 mins
Fratton
19 mins
Hilsea
58 mins
Reading
897 mins
Twyford
933 mins
Tadworth
982 mins
Tattenham Corner
994 mins
Key Points
- End of Terrace Three Storey Office Building plus Basement
- Planning Acheived for 8 Apartments on 1st & 2nd Floors
- Currently let as Offices to Multiple Occupiers producing an income of £118,085 pa
- Rear Surface Off Road Car Park
- Central Southsea Location
- Potential for Further Development
Description
The Old Treasury is an end of terrace three storey office building including a basement area with a rear surface car park. The building is currently let as office premises to multiple occupiers.
The building has recently achieved planning to change the use for the first and second floors from office (Class E) to 8 residential flats via permitted development rights. For further information on the planning information please go to Portsmouth City Council Planning Portal. The current application is under 24/00010/PACOU.
The building currently is let to 5 tenants and currently produces £118,085 per annum , for further details please enquire.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Basement | 4,895 | 454.76 | Available |
| Ground | 3,800 | 353.03 | Available |
| 1st | 3,824 | 355.26 | Available |
| 2nd | 2,706 | 251.40 | Available |
| Total | 15,225 | 1,414.45 |
The Location
Portsmouth benefits from excellent transport links, with the M27 and A3M road networks reaching to the rest of the South Coast as well as London. Southampton International Airport is approximately 30 minutes by road. As well as the close proximity of the airport, Portsmouth has a cross channel ferry port with regular services to France and Spain.
The Old Treasury is a multi let office building situated on the corner of Kings Road and St Paul's Road just off Landport Terrace (A288). The building is close to Southsea seafront and the leisure and retail facilities in Southsea Town Centre.
Terms
Freehold for Sale - Price on Application
Development Opportunity
The 8 residential flats comprise 7 x 2 bedroom flats and 1 single bedroom flat (Class C3). Shown here are CGI’s of the typical fit out of one of the flats, all items in the CGI’s can be costed given an indicative cost of fitting out these units, for further information please enquire.
The apartments have been designed to maximise space and create a luxurious feel with their position in Southsea and close to the city centre
they would be an ideal purchase for someone wanting to live near the sea with local amenities and have great access to the wider region.
Business Rates
You are advised to make your enquiries to Portsmouth City Council
Other Costs
Buildings Insurance and Service Charge is payable.
Each party to be responsible for their own legal costs incurred in the transaction.
VAT - Unless otherwise stated all costs, rents & prices are exclusive of VAT.
