Property photos
Freehold
Offers over
£95,000
Land for sale
Campbell Road, Southsea, Hampshire PO5Key Information
Local area information
Property location
Nearby amenities
- Bramble Infant School and Nursery 0.2 miles
- Southsea Infant School 0.3 miles
- Fratton 0.5 miles
- Portsmouth & Southsea 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Southsea and Portsmouth to find out more about the local area.
Features and description
- Freehold
We invite offers for this well-situated, speculative development opportunity, being roof space with planning permission in place for the construction of two 2-bedroom penthouse apartments having a projected G.D.V. Of £400,000-£500,000 and to include the Freehold of the building, being vested in fifteen units, all sold on Long Leasehold terms, with a reversionary interest in 5 flats. Within a desirable and varied Conservation Area (No. 15: Campbell Road), Campbell Mansions is a 1930s-built, three-storey residential development occupying a prominent, tree-planted corner position at the junction of Campbell Road with Lorne Road, some three-quarters of a mile only from Southsea Town Centre (Palmerston Road Shopping Precinct) and a similar distance from The Seafront.
Planning
Consent (under Appeal) has been granted for the construction of a third floor roof extension comprising two 2-bedroom penthouse apartments, each of around 73 sq m (785 sq ft). Details are available via Portsmouth City Council's planning portal (Ref: 21/00157/ful). When built, the new units are considered ideal for sale to owner-occupiers, or for lucrative letting (having a projected rental return of around £1,400 p.c.m. Each).
Community infrastructure levy (cil)
A cil payment of £25,323.60p has been calculated as applying to the proposed scheme.
Notices
The necessary Section 5 Notices will be served upon the various leaseholders by the seller once sale terms are agreed.
Lease/ground rent schedule
Of the 15 existing apartments, ten are held on extended lease terms, the remaining five having a little under 80 years to run. Details are as follows:
Flat 1
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 2
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 3
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 4
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 5
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 6
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 7
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 8
125 years from1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 9
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 10
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 11
215 years from 1.1.78 (170 years remaining).
Current Ground Rent: £200 p.a.
Flat 12
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 13
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 14
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 15
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Total current income
£560 p.a.
Reviews
Flats 1. 3,5,7,9,12,13,14 and 15 not applicable.
Flats 2,4,6,8 and £60 p.a.; 2028-2053 £120 p.a.; 2053-2078 £240 p.a.; 2078-2103 £275 p.a.
Flat £200 p.a.; 2028-2053 £300 p.a.; 2053-2078 £400 p.a.; 2078-2103 £500 p.a.; 2103-2128 £600 p.a.; 2128-2153 £700 p.a.; 2153-2178 £800 p.a.; 2178-2193 £900 p.a.
Viewing
open site.
Planning
Consent (under Appeal) has been granted for the construction of a third floor roof extension comprising two 2-bedroom penthouse apartments, each of around 73 sq m (785 sq ft). Details are available via Portsmouth City Council's planning portal (Ref: 21/00157/ful). When built, the new units are considered ideal for sale to owner-occupiers, or for lucrative letting (having a projected rental return of around £1,400 p.c.m. Each).
Community infrastructure levy (cil)
A cil payment of £25,323.60p has been calculated as applying to the proposed scheme.
Notices
The necessary Section 5 Notices will be served upon the various leaseholders by the seller once sale terms are agreed.
Lease/ground rent schedule
Of the 15 existing apartments, ten are held on extended lease terms, the remaining five having a little under 80 years to run. Details are as follows:
Flat 1
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 2
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 3
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 4
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 5
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 6
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 7
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 8
125 years from1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 9
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 10
125 years from 1.1.78 (78.5 years remaining).
Current Ground Rent: £60 p.a.
Flat 11
215 years from 1.1.78 (170 years remaining).
Current Ground Rent: £200 p.a.
Flat 12
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 13
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 14
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Flat 15
215 years from 1.1.78 (170 years remaining).
Ground Rent: A peppercorn.
Total current income
£560 p.a.
Reviews
Flats 1. 3,5,7,9,12,13,14 and 15 not applicable.
Flats 2,4,6,8 and £60 p.a.; 2028-2053 £120 p.a.; 2053-2078 £240 p.a.; 2078-2103 £275 p.a.
Flat £200 p.a.; 2028-2053 £300 p.a.; 2053-2078 £400 p.a.; 2078-2103 £500 p.a.; 2103-2128 £600 p.a.; 2128-2153 £700 p.a.; 2153-2178 £800 p.a.; 2178-2193 £900 p.a.
Viewing
open site.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Listed by
D.M. Nesbit & Co
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - D.M. Nesbit & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact D.M. Nesbit & Co for full details and further information.