This property presents a valuable opportunity for investors looking to capitalize on a fully consented residential development site in a desirable area of Portsmouth. Previously housing the renowned Carter & Co restaurant, this location has received planning approval for the construction of four substantial four-bedroom townhouses. The project involves two high-quality conversions alongside two newly built homes, effectively blending character with modern living spaces, which are particularly appealing to families seeking quality accommodation in Portsmouth and Southsea.
The granted planning permission enables immediate progress towards construction, which effectively mitigates typical planning uncertainties and accelerates the potential for project completion. These townhouses are designed to meet the high demand for spacious, premium family homes in the region, bolstered by consistent growth in Portsmouth's residential market due to ongoing urban renewal and limited housing supply near the coastline.
With few opportunities of this nature available within the city that offer both immediate execution capability and promising resale values, this site stands out as a noteworthy investment prospect.
