Summary - 79 79 Victoria Road North, Portsmouth, Hampshire, PO5 PO5 1PP
1 bed 1 bath Storage
Vacant Southsea basement store with conversion potential — sold at online auction, STPP..
- Basement lock-up store with private front and rear entrances
- Approx. 92 years remaining on lease, low ground rent (£50 pa)
- Vacant possession; sold as seen, renovation required
- Potential to convert subject to planning permission (STPP)
- Service charge July–Dec 2025: £795.20
- Sale via online auction; non-refundable reservation fee applies
- Area: Southsea, cosmopolitan student neighbourhood, good broadband
- Above-average local crime; pockets of deprivation nearby
A compact basement/lock-up store in Southsea with its own front and rear private entrances, offered with vacant possession. The long lease (approx. 92 years remaining) and low annual ground rent make this a straightforward, low-running-cost holding for an investor or buyer looking for a small development project.
The property is sold as seen and requires renovation; internal photos show unfinished walls and exposed ceilings. There is clear potential to convert the space subject to planning permission (STPP) — suitable for storage, a workshop, or a small self-contained unit once appropriate consents are in place.
Buyers should review the legal pack and be aware this sale is via online auction. A non-refundable reservation fee (3.6% incl. VAT, minimum £5,940) applies on completion in addition to the purchase price, and a 10% deposit will be payable on exchange. Service charge and ground rent details are disclosed; the service charge for July–December 2025 is £795.20 and ground rent is £50 pa.
Note the neighbourhood is a cosmopolitan student and professional area with above-average crime and pockets of deprivation. Broadband and mobile signals are strong, and nearby amenities and schools provide convenience — but factor in renovation costs, planning uncertainty, and auction fees when assessing value.
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