Summary - 86, PORTLAND ROAD BN3 5DL
1 bed 1 bath Commercial Property
Vacant upper two floors with conversion potential; 999-year lease — auction guide £160,000..
For sale by auction 26 November 2025 — guide price £160,000
A rare auction opportunity on Portland Road: the vacant first and second floors of a Victorian period building, offered with a brand new 999-year lease and a guide price of £160,000. The 1,262 sq ft upper accommodation is large and well-located, sitting just on the edge of central Hove close to shops, cafés, the seafront and Hove railway station — a strong location for rental or owner-occupier conversion.
The property has clear development upside: it may be possible to convert the two upper floors into a substantial 2-bedroom maisonette (including a large first-floor lounge) either under permitted development rights or via a planning application. Buyers should factor in professional fees and allow time for planning advice and any consent processes before committing. The accommodation is vacant, which simplifies access for surveys and works.
The building shows signs of needing refurbishment and some rooms are described as derelict in places; conversion will therefore require an investment in renovation and fit-out. There is no reported flood risk, broadband and mobile signal are strong, and the area is a mixed urban/cosmopolitan neighbourhood with average crime levels — suitable for lettings or resale in a buoyant local market.
This lot suits property developers, investor-buyers or ambitious owner-occupiers comfortable managing a refurbishment and navigating planning or PD considerations. The auction sale means timelines are fixed and purchasers should have finance and professional advisers in place prior to bidding.
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