{"primary_description": "Description

The site comprises a large, open area that is roughly rectangular in shape and is constructed with tarmac flooring. We understand that the site is an inactive car park that historically served a former office building.

Location

Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.

The former car park is situated on the east side of Staunton Street, a site that is in close proximity to Commercial Road and the Cascades Shopping Centre. The immediate surrounding area is predominantly residential.

Planning

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

We understand that the previous use was as a car park associated with the former adjoining office building.

Planning had been submitted for the \"Construction of part one, part two, part three, part four storey building to form Student Halls of Residence (Class C1) comprising 40no. studio bedrooms, common room, gym, and associated refuse and cycle storage.\"

More planning information available on request.

Link to application:

VAT

We understand that the property is not elected for VAT.

Accommodation

The site has the following approximate area:

Business Rates / Council Tax Band

Rateable Value (2026): \u00a322,500

Occupiers will pay approximately 43% of this per annum.

EPC

This site is exempt from requiring an EPC in its present form.

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of \u20ac15,000 (EUR) or more, or a rental value of \u20ac10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.", "key_features": ["Central location in Portsmouth", "Located close to Portsmouth's prominent commercial district", "Exciting opportunity with potential for a purpose built student accommodation scheme", "Would suit alternative uses such as residential or commercial uses (stp)", "Suitable for owner occupiers, investors and developers", "Freehold interest with vacant possession", "Guide price \u00a3600,000 stc"], "rooms": [], "legal_description": null}

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