The Portland Hotel in Southsea, a Grade II-listed freehold building with planning consents could take on a new lease of life as a boutique hotel.
The disused five-storey building is among 22 lots being sold by Clive Emson, the regional land and property auctioneers.
Auctioneer Rob Marchant explains: "There is clearly development potential – new life could be breathed into the property, either as a hotel or conversion into residential flats.
"There is a green light for this wonderful heritage asset to trade once again as a hotel following complete refurbishment.”
However, he says, the importance of redevelopment locally has been recognised by the planning inspector, with planning permission granted on appeal for 16 flats in the main building and for six new-build flats and a commercial unit on the rear car park, all in keeping with the conservation area.
"Indeed, this is a rare opportunity for a sympathetic developer to do justice to the legacy of Thomas Ellis Owen, the ‘father of Southsea’ who designed the hotel, or for someone with the vision to create a wonderful boutique hotel.”
Marchant anticipates keen interest with the auction starting at 11am, at the Ageas Bowl, near Southampton, on Thursday, 24 July.