Portsmouth Road, Southampton, Hampshire, SO19

For sale via secure sale online bidding - terms and conditions apply.

We 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.

Description

An excellent Residential Development plot of land

Location

Situated in a prominent position within Woolston, close to Southampton city centre.

Tenure

Freehold - Title number HP636315

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.