FREEHOLD COMMERCIAL PREMISES WITH HUGE POTENTIAL (subject to planning)
A near-100-year-old row of shops in Portsmouth is set to be sold by auction.
The parade, in Fratton Road, includes what was The Ancient Order of Foresters Friendly Society building, which later became the Paradise Found music venue and the Hampshire ex-Services Club.
TO BE SOLD BY PUBLIC AUCTION
11 am TUESDAY 25th AUGUST
(at The Queens Hotel)
Of interest to investors, developers and others: prominently situated, the extensive (4,350 sq ft approx) MAINLY VACANT FREEHOLD COMMERCIAL PREMISES, highly speculative and with considerable potential for a variety of uses.
A mixed commercial/residential location, Fratton Road runs from Fratton Bridge to Kingston Road, Nos. 226-232 being on the east side a short distance from the junction with Clive Road. This position is some half a mile only from Commercial Road Shopping Precinct, convenient to a wide range of public amenities including main-line stations, university campus, and historic Old Portsmouth.
OCCUPANCY, HISTORY, PLANNING: The large majority of the premises (226-230, together with the rear and upper parts of 232) will be VACANT upon completion, whilst the front shop part of 232 (trading as B's Barbers) is let informally at a current rent of £400 p.c.m.
The main building is recorded as having been constructed, around 1930, for The Ancient Order of Foresters Friendly Society, later becoming a music venue - The Paradise Found Club - and, in 1976, home to Hampshire ex-Services Club.
In 2013 consent was granted for Change of Use to shop (Class A1), this being the current purpose, a use now ending due to the sellers' retirement from trading. It is felt that the Lot lends itself to a wide range of future uses, both commercial and residential, with the latter including possible HMO, as applies to the adjacent, now much extended premises.
Any change will, of course, be subject to the necessary planning approval, with interested parties being advised to satisfy themselves in this respect through approach to Portsmouth City Council. Full particulars are given as follows and enquiries are invited: