Sold for Â£3.2m '“Â the Southsea home built in 1851 as a '˜model lodging'Â
A GRADE II listed builing has been sold for Â£3.2m.
Built in 1851 by Thomas Ellis Owen as a model lodging house The Friary, the house has been sold at auction.
The price is the highest paid for a residential property offered for sale by auction in the city.
Auctioneers Nesbits organised the sale.
A spokesman said: 'We are very proud to have achieved such a result which is a reflection of investors interest in the city and demand for Â such an exceptional building.'
TheÂ property has been improved and modernised into 23 flatsÂ and a shop. TheÂ property generates an income of Â£180,000 pa.