House For Sale £500,000
86 Lake Road, Portsmouth

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. [use Contact Agent Button].

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

Commercial EPC: C

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page . For further information please go to cliveemson.co.uk or call us on[use Contact Agent Button].

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to