By Emanuele Midolo2019-06-27T23:00:00
MoD site near Portsmouth attracted 407 bids but sale may be eclipsed next week by LSH lot guided at £20m.
A 45-acre plot of land near Portsmouth, Hampshire, was sold for £2.5m on 12 June – five times the £450,000 to £500,000 original guide price.
It was also the largest lot LSH has sold on behalf of the Ministry of Defence (MoD) since the firm obtained a contract to dispose of the estate’s surplus assets in March last year.
The former MoD site is a few miles from Portsmouth with direct access to the M27 to Southampton and A3 to London and Guildford.
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