28 Benedict Street, Glastonbury, Glastonbury, BA6 9EX

Guide Price £250,000 - For Sale By Auction - LOT 10

SUBSTANTIAL FREEHOLD INVESTMENT WITH DEVELOPMENT POTENTIAL

  • For Sale By Public Auction
  • Tuesday 27th November 2018
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

An exciting opportunity to purchase a substantial freehold investment property in the centre of Glastonbury offering further development potential, subject to obtaining the necessary consents. The property is currently arranged to provide a ground floor commercial premises with two large 2 bedroom maisonettes over the first and second floors. To the rear of the property are a number of single storey outbuildings and a yard. Planning consent was previously granted for the conversion of the ground floor into a 2 bedroom flat, which has now lapsed. A fantastic opportunity for investors and developers.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 27th November 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

SUBSTANTIAL FREEHOLD INVESTMENT WITH DEVELOPMENT POTENTIAL

DESCRIPTION -

A substantial freehold period investment property, situated in a central location in Glastonbury. The property comprises a ground floor commercial premises with various workshops and outbuildings to the rear and two large 2 bedroom maisonettes arranged over the first and second floors. The property offers scope to convert the ground floor to residential accommodation (planning previously granted for a 2 bedroom flat but now lapsed) and the outbuildings to the rear may offer further potential to develop, subject to obtaining the necessary consents.

LOCATION -

The property is situated on Benedict Street off the High Street in the centre of Glastonbury. The popular Somerset town of Glastonbury is situated approximately 23 miles south of Bristol and approximately 26 miles southwest of Bath.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

GROUND FLOOR - Approx. 1,518 sq ft (141 sq m) -

Comprising a double fronted retail premises with various offices, stores and workshops to the rear (shaded grey on floorplan).

28A BENEDICT STREET - Approx. 789 sq ft (73.2 sq m) -

Comprising a spacious 2 bedroom maisonette with the first floor arranged to provide a lounge and kitchen/diner and the second floor consisting of two double bedrooms and a bathroom.

28B BENEDICT STREET - Approx. 701 sq ft (65.2 sq m) -

Comprising a spacious 2 bedroom maisonette with the first floor arranged to provide a lounge, kitchen and bathroom and the second floor consisting of two double bedrooms.

OUTSIDE -

To the rear of the property is a yard and various single storey extensions that may offer further scope for redevelopment, subject to obtaining the necessary planning consents.

PLANNING HISTORY -

Application No. -

2012/1176.

Description of Development -

Conversion of property from shop with stores to a single 2 bedroom flat, including removal of shop front and replacement with a window and partial demolition of single storey rear projections.

Date of Decision -

APPROVED - 05 September 2012

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ENERGY PERFORMANCE CERTIFICATE -

Ratings:
Ground Floor: TBC
Mid Floor Maisonette - E
Top Floor Maisonette - E

SOLICITOR -

Ms L Rae
BGW Solicitors
57 High Street
Shepton Mallet
Somerset BA4 5AQ
Tel: 01749 330330
Email: libby.rae@bgw-solicitors.co.uk

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY BIDDING -

If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyer's premium of £1,200 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

ATTENDING THE AUCTION -

If you are intending to bid and are successful, the following will be required:
* Proof of identity (valid passport or photo driving licence).
* Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
* 10% deposit payment.
* Buyer's premium payment.
* Details of your solicitor.

DEPOSIT & BUYER'S PREMIUM PAYMENTS -

Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.