Land for sale

Campbell Mansions, Campbell Road, Southsea PO5

Lot 41 **for sale by online auction** on 1st July 2025

In Same Ownership for
Approximately 48 Years

Freehold Ground Rents and Roof Space with Planning Permission Granted for Two Flats

Located at the junction with Lorne Road, close to the amenities available in Portsmouth City Centre and travelling facilities including Fratton and Portsmouth & Southsea Train Stations. Southsea Common and Southsea Beach are also nearby.

Planning Consent has been granted on 15th March 2023 under Appeal for the Construction of a Third Floor Roof Extension Providing Two Additional Two Bedroom Flats each of approximately 768 Sq Ft Copies of the plans and consent are available for inspection. (Planning Reference: App/Z1775/W/22/3292145)

Freehold Ground Rents amounting to £500 per annum derived from Fifteen Self-Contained Flats each on a lease as follows:

Flat 1 215 years from 1st January 1978 at a peppercorn ground rent.

Flat 2 125 years from 1st January 1978 at a ground rent of £60 per annum. Valuable reversion in approximately 78 years.

Flat 3 215 years from 1st January 1978 and ending 31st December 2192 at a peppercorn ground rent.

Flat 4 125 years from 1st January 1978 at a ground rent of £60 per annum. Valuable reversion in approximately 78 years

Flat 5 215 years from 1st January 1978 at a peppercorn ground rent.

Flat 6 125 years from 1st January 1978 at a ground rent of £60 per annum. Valuable reversion in approximately 78 years

Flat 7 215 years from 1st January 1978 at a peppercorn ground rent.

Flat 8 125 years from 1st January 1978 at a ground rent of £60 per annum. Valuable reversion in approximately 78 years.

Flat 9 215 years from 1st January 1978 and ending 31st December 2192 at a peppercorn ground rent.

Flat 10 125 years from 1st January 1978 at a ground rent of £60 per annum. Valuable reversion in approximately 78 years

Flat 11 215 years from 1st January 1978 at a ground rent of £200 per annum.

Flat 12 215 years from 1st January 1978 and ending 31st December 2192 at a peppercorn ground rent.

Flat 13 215 years from 1st January 1978 at a peppercorn ground rent.

Flat 14 215 years from 1st January 1978 and ending 31st December 2192 at a peppercorn ground rent.

Flat 15 215 years from 1st January 1978 at a peppercorn ground rent.

In accordance with Section 5(B) of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.