Southsea, Hants, We are delighted to offer for sale one of

Bernards Estate Agents Ltd

Pro Seller · View My Profile · 02392 864974

You have no shared connections.

· Joined: Feb 21, 2011

£4,000,000

Southsea, Hants, We are delighted to offer for sale one of

Listing is Expired

We're sorry, the listing is no longer active.

Southsea, Hants, We are delighted to offer for sale one of in Southsea HAM is a House

1 / 7

Price:

£4,000,000 Get Prequalified Today

Contact:

02392 864974

Location:

Southsea, Hants

Description:

We are delighted to offer for sale one of the finest development sites available on the south coast of England today. With its rare and extremely close proximity to the sea, the future developed properties will enjoy magnificent, far reaching sea views across the Solent to the Isle of Wight. We are able to offer 2 distinct and separate opportunities which would not have been available until a recent fire destroyed existing buildings that were due to be converted. The site, which is currently held on a single title (but which can readily be split), is offered as follows:- Savoy Buildings - This is the western part side of the site (approx.. 0.860 acres/ 0.348 hectares) upon which previous buildings have been demolished. It is now clear, level and all pre-commencement of development conditions have been satisfied. Development has lawfully commenced and this is now a shovel ready opportunity for developers. The site has full planning permission for 92 apartments and 415square meters of commercial space (shops/restaurants) on the ground floor. There is underground and some above ground parking (total 66 spaces for flats (inc. 7 disabled) and 4 spaces for commercial (inc. 2 disabled). Following a recent planning approval to vary the s.106 legal agreement, it was agreed by Portsmouth City Councils planning committee that there will be no affordable housing within this development. A financial contribution in lieu towards affordable housing must be made to Portsmouth City Council in sum of 600,000 upon recommencement of development of this site. The Seller is seeking offers in the region of 4m for this part of the site only. Savoy Court - This is eastern part of the site recently destroyed by fire. The site is in the process of being demolished. Previously, planning permission had been granted for conversion of the existing building to create 18 in no. 2 bedroom apartments with approx. 310sqm of commercial space on the ground floor (we had provisionally agreed a let to a leading convenience store operator) with a health suite in the basement. This planning permission no longer exists as it related to a conversion and therefore a new planning permission must be obtained. The Local Planning Authority (LPA) has said it will welcome a comprehensive scheme for the whole site or a fresh application for this part of the site only, to be developed alongside the consented scheme for Savoy Buildings. A hotel project is considered to be a highly feasible alternative to a mixed residential/commercial scheme and the LPA have indicated that they would welcome a planning application for the combined site. Please note that the Savoy Court element of the site is not being offered for sale on its own but can be sold together with Savoy Buildings. The Seller is inviting offers for the combined sites.

Further information
We have a hard copy brochure and CD-ROM containing detailed information on this site. Please contact us and one will be sent to you immediately. In the meantime, the brochure can be accessed by typing the following link into your internet address bar:- http://www.besleyandcopp.co.uk/emag/bernards/savoy_buildings_online/flash.html

Note that the 'red line' image defines both sites.
INFORMATION
Development site located on the Seafront at South Parade.

Consented mixed use scheme for apartments plus commercial space.

South Parade and Clarendon Road junction.

Image is an artists impression for illustration purposes

Contact the office for a full colour brochure on 02392 864974 or use the link below view the brochure.

http://www.besleyandcopp.co.uk/emag/bernards/savoy_buildings_online/flash.html

THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

If you have other questions about this property, please telephone 02392 864974

Disclaimer
Property reference NBS1883. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bernards Estate Agents, Southsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 and The Home Information Pack Regulations 2007.
INTERNET LINK
Http://www.besleyandcopp.co.uk/emag/bernards/savoy_buildings_online/flash.html

We have a hard copy brochure and CD-ROM containing detailed information on this site. Please contact us and one will be sent to you immediately. In the meantime, the brochure can be accessed by typing the following link into your internet address bar:- http://www.besleyandcopp.co.uk/emag/bernards/savoy_buildings_online/flash.html

Note that the 'red line' image defines both sites.

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.

Property Type:

Single-Family Houses

Amenities:

Internet Access

For sale by:

Agent/Broker

Phone:

02392 864974

Posted:

February 19 2011 on Facebook

Contact:

02392 864974