The Old Treasury

7 Kings Road, Southsea, PO5 4DJ

15,225 sq ft

INCOME PRODUCING INVESTMENT & DEVELOPMENT OPPORTUNITY

Summary

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

Accommodation

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

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.

Get directions from Google Maps

Mainline Stations

Portsmouth and Southsea

10 mins
Portsmouth Harbour

13 mins
Fratton

19 mins
Hilsea

58 mins

Underground Station

Reading

897 mins
Twyford

933 mins
Tadworth

982 mins
Tattenham Corner

994 mins

Further Information

Rates Payable Upon Enquiry

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.

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.