Summary - 202-204, NEW ROAD PO2 7RW
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold commercial property with vacant possession
- Large size: 4,513 sq ft
- Development potential subject to planning (Class F2)
- Mixed-use possibility in a busy residential area
- Nearby businesses include established local brands
- Excellent access via M27/A27
- Affordable asking price of OIEO £380,000
**Concerns:**
- Requires renovation; former flat is currently uninhabitable
- Average crime rates in the area may be a consideration
- Limited rear access for emergency use only
Discover an exceptional opportunity for investors and owner-occupiers alike at 202-204 New Road in Portsmouth. This expansive commercial property, totaling 4,513 sq ft, is situated in a bustling residential neighborhood that enhances its potential for diverse local community uses under Class F2 planning. With a strong asking price of OIEO £380,000, this property offers valuable development possibilities, making it ideal for similar uses or transformative renovations.
Although the premises do need significant work, including modernizing the previously occupied flat, this allows you to shape the space according to your vision. Local amenities and nearby businesses provide a steady flow of foot traffic, creating an ideal environment for various commercial ventures. Interested parties should be aware of the average crime rates and the current state of the property, but for the right buyer, this could be a winning investment. Act swiftly to seize this unique opportunity to develop and grow in a prime Portsmouth location!
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