Holloway Iliffe & Mitchell are pleased to report the sale of the former Masonic Hall at 28-40 Lake Road, Portsmouth. The ground floor indoor play centre with upper parts was bought by a private purchaser for an undisclosed amount.
The partially refurbished premises are situated in the centre of Portsmouth in a prominent position at the western end of Lake Road, on the junction to the pedestrian area of Commercial Road where many major retailers are located.
Commenting on the sale, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“The sale follows an influx of sales completed in Portsmouth and surrounding areas over the last 12 to 18 months. The site has generated a substantial amount of interest from a variety of development angles but is expected to be developed to student accommodation, to assist with the current shortfall.”
Holloway Iliffe & Mitchell remain very active in the commercial property sector, in Cosham and along the South Coast and seek new instructions to satisfy their active applicant database.