Get brand editions for D. M. Nesbit & Company, Southsea

Land for sale

Serpentine Road, Southsea

Guide Price* £775,000

Property Description

Full description

UNSOLD BY AUCTION THURSDAY 25th MAY 2017.
GUIDE PRICE: £700,000-£775,000.
OF INTEREST TO DEVELOPERS AND INVESTORS, THIS RARE AND VALUABLE OPPORTUNITY IN THE VERY HEART OF SOUTHSEA TOWN CENTRE - THE VACANT FREEHOLD GROUP OF 32 GARAGES AND STORES, WITH THE CONSIDERABLE BENEFIT OF PLANNING PERMISSION FOR THE CONSTRUCTION OF A BLOCK OF 7 TWO-BEDROOM APARTMENTS.
Serpentine Road winds between Osborne Road and Portland Road, the site being bounded on its north side by the grounds of Portsmouth High School for Girls. Part of an historic Conservation Area - the High School's main building, Dovercourt, being the former home of the renowned architect and developer Thomas Ellis Owen.

The Premises - Arranged in three blocks (two having back-to-back units) are 32 garages and stores plus open forecourt. Each is of brick and block construction under a pitched, corrugated roof. Most have been in use until recently.

Planning - Consent (16/00651/FUL) was granted on the 18th October 2016 for replacement of the existing garages with a three-storey residential building comprising 7 apartments ranging in size from 99.7 sq m to 124 sq m and including lift facilities, cycle storage, and parking.

An alternative scheme - a staggered terrace of four town houses - has been discussed at architect level. Any variation of the consent would, of course, be subject to further application to Portsmouth City Council. Copies of the consent and associated plans are available for inspection as part of the Auction Legal Pack.

Other Options - Given the marked scarcity of garaging in the immediate area, and having regard to recent results obtained for comparable lock-up units, it is felt that scope may well exist for retention of the existing garages and for their future individual disposal or rental (with a projected yield of approximately £100 pcm/per unit).

Viewing - By appointment with AUCTIONEERS,
D M NESBIT & CO.
(16764/013836)

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More information from this agent

Listing History

Added on Rightmove:
13 February 2017

Nearest stations

  • Portsmouth & Southsea (0.9 mi)
  • Fratton (1.0 mi)
  • Portsmouth Harbour (1.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

D. M. Nesbit & Company, Southsea

7 Clarendon Road, Southsea, PO5 2ED

02382 200461 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

D. M. Nesbit & Company, Southsea

7 Clarendon Road, Southsea, PO5 2ED

02382 200461 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portsmouth & Southsea (0.9 mi)
  • Fratton (1.0 mi)
  • Portsmouth Harbour (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

D. M. Nesbit & Company, Southsea

7 Clarendon Road, Southsea, PO5 2ED

02382 200461 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26784091. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by D. M. Nesbit & Company, Southsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call D. M. Nesbit & Company, Southsea on 02392 864321.


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