Lot 81 - Former Members Social Club With Planning Permission For Eight Dwellings
86 Lake Road, Portsmouth, PO1 4HF
Guide Price: *
£500,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£498,000Bid history
6 bidsA
20/03/2024 13:17:34 - £498,000
BThis is an automatic bid as the bidder has set a maximum bid for this lot
20/03/2024 13:15:52 - £496,000
A
20/03/2024 13:15:52 - £496,000
See all 6 bids ▾
The former Royal Naval Comrades Club is situated a short drive from the centre of Portsmouth and has traded for many years as a members’ social club. Planning Consent has been obtained for conversion of the building to form eight residential dwellings.
Once completed, it is considered the finished units will be ideal for resale into the local market place or retention for income producing potential.
Proposed Accommodation
Ground Floor - Apartments 1 and 2
Living room/kitchen, bedroom and bathroom with W.C.
Outside
Courtyard garden.
First Floor
Apartment 3
Living room/kitchen, bedroom and bathroom with W.C.
Apartment 4
Living room/kitchen, two bedrooms and bathroom with W.C.
Second Floor
Apartment 5
Living room/kitchen, bedroom and bathroom with W.C.
Apartment 6
Living room/kitchen, two bedrooms and bathroom with W.C.
House 1 and 2
Ground Floor
Living room/kitchen and W.C.
First Floor
Two bedrooms and bathroom with W.C.
Second Floor
Bedroom.
Outside
Garden, bin and cycle storage.
Planning
Planning Permission was granted by Portsmouth City Council under ref: 20/00109/FUL, dated 22nd December 2021 for alteration and conversion of RNOC club to form two, three-bedroom houses, four, one-bedroom flats and two, two-bedroom flats, with associated amenity space, refuse and cycle storage; to include construction of second floor extension and demolition of existing single storey structure, subject to conditions.
A copy of the Planning Consent and accompanying documents can be downloaded from the Local Planning Authority website: portsmouth.gov.uk. Tel: 023 9283 4334.
Auctioneer’s Note
We are advised by the seller that the CIL and Nitrates contributions have been paid in respect of the scheme and that building control approval has been granted. Prospective purchasers should rely on their on enquiries.
Freehold with Vacant Possession
Summary
- Lot number
- 81
- Auction end
- 20th Mar at 13:22
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 81
- Auction end
- 20th Mar at 13:22
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Hampshire, Dorset, Wiltshire & Isle of Wight
01489 564606
Unit 14, Fulcrum 2, Solent Way, Whiteley, Fareham, Hampshire, PO15 7FN
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
