- Off market
- Planning permission granted for change of use from offices to a Student Hall of Residence (Class C1)
- 97 study bedrooms
- Manager’s accommodation
- Located 0.8 miles from the University of Portsmouth Main Campus
- 5 minutes walk from Fratton Station which runs direct to London Waterloo in 1.45 minutes and Portsmouth Harbour in 8 minutes.
- Significant demand for student accommodation in Portsmouth – circa 25,000 students in residence in the City Centre
- Estimated rental value of the study bedrooms circa £1,020,000 per annum
- GIA of entire building 29,687 sq.ft of which 26,340 sq.ft is offices. Potential to re-configure some of the communal areas into a further 11 rooms which could generate an additional circa £114,000 per annum
- Remaining 3,347 sq.ft is located on the ground floor
- One unit let to Ladbrokes at £20,000 per annum
- One unit let to Domini’s at £21,000 per annum
- One unit is vacant with an ERV of £10,000 per annum
- Selling price OIEO £2,500,000.
We will require a buy side fee.
Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.
In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.
Office: +44(0)330 2236988
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