117-127 Fratton Road, Portsmouth, Hampshire, PO1 5AJ
Prior
Prior
£1,000,000+
Commercial
Key Features
- Freehold detached former bingo hall & retail unit of approximately 10,764 sq ft on a broadly rectangular site of 0.44 acres
- planning consent for demolition & redevelopment of a 30 dwelling scheme with circa 4,000 sq ft of A1, A2 or A3 use
- Located in the Fratton district of Portsmouth, Hampshire
Part of the
13 August 2020
auction
Remote auction only
at
2.30PM
Freehold detached former bingo hall & retail unit of approximately 10,764 sq ft on a broadly rectangular site of 0.44 acres, with planning consent for demolition & redevelopment of a 30 dwelling scheme with circa 4,000 sq ft of A1, A2 or A3 use
- Located in the Fratton district of Portsmouth, Hampshire
- Situated on the West side of Fratton Road (A20470)
- Comprising the former Troxy Cinema which opened July 1936
- Used as a bingo hall from the 1960's
- Converted 1990's into retail, trading as United Footwear store
- Net tradeable area reported to be 10,764 sq ft
- Set back from the street frontage offering forecourt parking
- Total site area approximately 0.44 acres
- After demolition of existing building, proposal for 30 dwellings
- Plus commercial floorspace of 3,928 sq ft of A1, A2 or A3
- Proposed redevelopment in two buildings, both up to 4 storeys
- Planning reference: 16/01140/FUL (decision issued April 2018)
- Buyers to make their own planning enquiries
- Ideal for owner occupiers, investors & developers
Please contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold
E
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