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82 Locksway Rd 613 SF Vacant Retail Building Southsea PO4 8JP $258,555 CAD ($421.79 CAD/SF)
Investment Highlights
- Freehold commercial development opportunity
- Strong potential for conversion (STPP)
- Valuable rear access
- Established B1 office use for over 30 years
- Options for residential or mixed-use redevelopment
- Offered via Modern Method of Auction
Executive Summary
82 Locksway Road represents a rare opportunity to acquire a freehold commercial development property with significant future potential. The building has been used as office accommodation for over 30 years under B1 use, but offers strong scope for conversion or redevelopment, subject to the necessary planning consents. Potential alternative uses include residential conversion (single dwelling or flats) or a mixed-use scheme. The property also benefits from valuable rear access, enhancing development flexibility.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
613 SF
Building Class
C
Year Built
1960
Price
$258,555 CAD
Price Per SF
$421.79 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.03 AC
1 1
Nearby Major Retailers
1 of 9
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82 Locksway Rd
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