Freehold For Sale

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On the instructions of Peter Mayo and Victoria Liddell of Allsop LLP acting as joint Fixed Charge Receivers

Freehold For Sale

Development site

close to Southampton waterfront

Four inter-linked industrial buildings on a site of approximately 0.125 hectares (0.310 acres) Potential for redevelopment subject to planning consent 2 4 - 32 C a n u t e Roa d, S O 1 4 3 FJ a n d 1 57 - 1 59 A l b e rt Roa d S o u t h , S O 1 4 3 F R , S o u t h a m p to n

M3

A3057 ROMSEY

M3 WINCHESTER/ LONDON A335 EASTLEIGH

14

M27

4 Southampton International Airport

4 M27 BOURNEMOUTH

5

A33

3

A35

M271

A3057

A35

A334 HEDGE END

PORTSWOOD A33

BITTERNE

7

A334

MILLBROOK A334

Docks

SOUTHAMPTON

Planning

A27

SWAYTHLING

SHIRLEY A3057

T ER

H

M27

A335

A35

A35 LYNDHURST/ NEW FOREST

B AL

AD

UT

BASSETT

LORD’S HILL

A35

Southampton Airport (Parkway) Station

A27

ROWNHAMS

RO

SO

THORNHILL A27

Central Station

CITY CENTRE

CA

M27

NU

T

O ER

AD

SHOLING Ocean Village

A3025

WOOLSTON

8 M27 PORTSMOUTH

Location The property is situated between Canute Road and Albert Road South within walking distance of the main shopping facilities of the city. Ocean Village Marina is just to the south side of Canute Road. There is a diverse range of building heights around the site, rising from 2, 3, 4 and 5 storeys in the immediate vicinity up to 26 storeys for the new Admiral Quay development which is currently under construction in Ocean Village. This is a mixed use area which historically had a strong industrial/warehouse presence, but this has changed more recently with the conversion of existing buildings and redevelopment primarily for residential purposes. The local area has improved in more recent years with the development of Ocean Village, which is just to the south of Canute Road and offers an attractive marina environment with residential, offices, restaurants and bars. Southampton Central Train Station is located approximately 1.5 miles north west of the subject properties. Southampton Airport is located 4.4 miles north; the M3 and M27 are located approximately 4.5 miles north providing access to London, Portsmouth and Bournemouth.

Outline Planning Permission was granted on 29th November 2010 (application number: 09/00966/OUT) for redevelopment of the site with a 6 storey building fronting Canute Road and a 7 storey building fronting Albert Road South to provide 53 flats (37 x one bedroom and 16 x two bedroom) and 4 Class A1/A3 commercial units with associated parking. Further amendment to size and mix of flats was granted by Southampton City Council in November 2010 (application number: 11/01010/NMA). The approved scheme would provide 35 x two bedroom flats, 11 x one bedroom flats, 7 x three bedrooms flats and 4 commercial units. This application has since expired due to the applicant failing to submit details covering reserved matters. Interested parties are recommended to make their own enquiries with the planning department at Southampton City Council.

VAT We are advised that the property is not registered for VAT and therefore VAT will not be payable on the purchase price.

EPC Rating EPC available in the dataroom.

Tenure Freehold.

Method of Sale The property is available for sale by private treaty.

Description

Dataroom

The property comprises an L shaped site and we have been advised that the site area is approximately 0.125 hectares (0.310 acres). The property comprises four inter-linked commercial units which are currently vacant.

Documents relating to the property are available in the Vail Williams data room. For access please contact Sharon Price – E: [email protected] T: 02380 820926.

Vail Williams, their clients and any joint agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Vail Williams have not tested any services, equipment or facilities. Occupiers must satisfy themselves by inspection or otherwise.

For further details please contact: Martin Tice E: [email protected] T: 02380 820914 Marcus Chuter E: [email protected] T: 02380 820900

Produced by www.propertymarcom.co.uk May 2017