This 0.04 hectare (0.11 acre) development site is situated in a mainly residential area, a short distance from many of Portsmouth Universitys lecture facilities.
The site was previously occupied by the long since demolished Mystery Public House and the Auctioneers are advised that Planning Consent has been approved by Portsmouth City Council for the erection of a three storey purpose built block comprising four five-bedroom and one six-bedroom student cluster apartments ideally located for letting in the local student rental marketplace.
Alternatively, prospective purchasers may wish to seek alternative planning, subject to all necessary consents being obtainable.
A Planning proposal has been submitted by Portsmouth City Council, under ref: 19/01697/FUL, for construction of a three storey block of four five-bedroom and one six-bedroom student accommodation cluster apartments with associated refuse and cycle stores and amenity space (description amended 28th January 2020 and amended plans), subject to conditions.
A copy of the Planning proposal and proposed plans will be available to download from the Clive Emson website.
Auctioneer's Note 1
The Auctioneers are advised that the proposal has been approved by the Portsmouth City Council's Planning Department, but a Decision Notice and confirmation of this Decision is yet to be issued pending the ratification of the Section 106 Agreement between the City Council and the current owners.
We understand this work is still ongoing and should be completed prior to the auction. Prospective purchasers are advised to rely on their own enquiries.
Auctioneer's Note 2
The seller has advised all reports, including soil and contamination and all construction and structural drawings, will be transferred to the purchaser upon completion.
Local Planning Authority
Portsmouth City Council. Tel: 023 9283 4334. Website: portsmouth.gov.uk.