- Portsmouth is Hampshire’s second largest city with a large retail catchment of 306,000 (PROMIS).
- The city is located 19 miles east of Southampton, 20 miles west of Chichester, 29 miles south west of Winchester and 70 miles south west of London.
- The asset is highly accessible and is a prominent Island site, bounded on one side by the busy Commercial Road into Portsmouth from the north.
- The site is in close proximity to the main high street (Commercial Road) which is circa 200m south east. Commercial Road and the Cascades Shopping Centre provide a strong retail and leisure offering with a plethora of multiple occupiers.
- Existing self-contained purpose built food store 54,465 sq.ft. gross internal area.
- The site benefits from 290 surfaced car parking spaces that are within the ownership.
- The extensive plot comprises circa 3.265 acres.
- Substantial development potential suitable for a range of alternative uses.
- Freehold property offered for sale with vacant possession.
- Offers would also be considered on a leasehold basis to occupy the property.
The property is a self-contained food store arranged over ground and first floors. The ownership is an island site which is encircled by the road network comprising a total site area of circa 3.265 acres. There is a large car park which provides 290 surfaces spaces.
Customer access is through the car park via Andrew Bell Street to the south or Fitzherbert Street to the north. There is a large service yard immediately north west of the food store, which is accessed via the western end of Fitzherbert Street.
Portsmouth is Hampshire’s second largest city and is a commercial and retailing centre situated on the south coast. It has a population of 286,000 (2011 census) and a retail catchment of 306,000 people (PROMIS). The city has been home to the Royal Navy for over 500 years and also acts as one of the UK’s main commercial ports. The city is located 19 miles east of Southampton, 20 miles west of Chichester, 29 miles south west of Winchester and 70 miles south west of London.
Local spending is supplemented by tourism. Visit Britain estimates that on average, between 2016–2018 some 658,000 overnight trips were made to Portsmouth, with an estimated value of £111 million pa (PROMIS).
The site occupies a prominent position as an island site, bounded by Commercial Road (A3) to the east and south of the site, and it is 500m east of Portsmouth Docks. There is a Morrison’s supermarket immediately north of the site, a Texaco fuel station to the north east, and a parade of smaller local retail operators to the south east on Commercial Road. The surrounding area is predominantly commercial in nature with a mix of warehousing, retail, residential, and student accommodation.