Portsmouth Road, Woolston, Southampton, Hampshire, SO19

Stanford Estate Agents are delighted to offer this excellent residential development and investment opportunity situated in a prominent position within Woolston, close to Southampton city centre.

The site benefits from a history of lapsed planning permissions and is currently occupied by five 48-sheet advertising hoardings, offering both immediate income potential and future development prospects.

Key Features
Lapsed planning permission for the erection of a two-storey building comprising three self-contained flats, including:
Two × 1-bedroom flats
One × 2-bedroom flat

Lapsed alternative planning permission for a two-storey building comprising:
One × 2-bedroom flat
One commercial unit

Site area of approximately 280 sq m (3,013 sq ft)
Currently occupied by five 48-sheet advertising hoardings
Conveniently located close to Woolston railway station, providing services via South Western
Railway
Potential to enhance the previous schemes to provide three × 1-bedroom flats and one × 2-bedroom flat, subject to the necessary planning consents
Further information available on a proposed enhanced scheme prepared by local reputable architects RS Studios

Location
The site occupies a prominent position within Woolston, a well-established residential and commercial area of Southampton. The location benefits from strong transport links, local amenities, and close proximity to the city centre, making it attractive to both owner-occupiers and investors.

Planning
The property has previously benefited from lapsed planning permissions for residential and mixed-use development. Interested parties are advised to make their own enquiries with the local planning authority. Details of the previous and proposed schemes are available upon request.

Opportunity
This site represents an ideal opportunity for developers and investors seeking a well-located plot with proven planning history and scope for value enhancement through renewed or revised consent.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.
These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.