Emery Road, Brislington, Bristol BS4 5PF

Guide Price £575,000 - For Sale

  • For Sale By Public Auction
  • Monday 29th June 2020
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

A freehold development site measuring approximately 0.21 acres, currently occupied by a single storey office building with Prior Approval for conversion into 6 residential apartments. Full planning consent has also been granted for the erection of two additional storeys to provide a further 8 apartments. Combined, the development will provide 14 new residential apartments (3 x 2-bedroom, 10 x 1-bedroom and 1 x studio) with 9 parking spaces. The site is situated in a highly convenient location in Brislington with excellent transport links to both Bristol and Bath via the A4 Bath Road.

FOR SALE BY ONLINE AUCTION -

This property is due to feature in our online auction on 29th June 2020 at 5.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

BY APPOINTMENT

SUMMARY -

RESIDENTIAL DEVELOPMENT SITE - 14 UNITS (PLANNING PENDING)

DESCRIPTION -

A vacant single storey office building with Prior Approval/planning consent granted for conversion of the existing ground floor office and the erection of two additional floors above to create a total of 14 self-contained apartments. Measuring approximately 0.21 acres, the site is conveniently located just off the A4 Bath Road in Brislington and presents a fantastic opportunity for builders and developers. The proposed development will include 9 parking spaces, bin and cycle storage and the first and second floor apartments will benefit from private balconies.

LOCATION -

Situated in a highly convenient location just off the A4 Bath Road, the site backs onto St Brendan's College and excellent transport links are provided to both Bristol and Bath via the A4.

SCHEDULE OF ACCOMMODATION -

GROUND FLOOR:
Studio apartment - 31.6 sq m
1-bedroom apartment - 31.6 sq m
1-bedroom apartment - 37.0 sq m
1-bedroom apartment - 34.0 sq m
1-bedroom apartment - 38.0 sq m
2-bedroom apartment - 49.0 sq m



FIRST FLOOR:
1-bedroom apartment - 50.0 Sq m
1-bedroom apartment - 50.0 Sq m
1-bedroom apartment - 56.0 Sq m
2-bedroom apartment - 61.0 Sq m



SECOND FLOOR:
1-bedroom apartment - 50.0 Sq m
1-bedroom apartment - 50.0 Sq m
1-bedroom apartment - 56.0 Sq m
2-bedroom apartment - 61.0 Sq m

GROSS DEVELOPMENT VALUE (GDV) -

We anticipate a GDV in the region of £2,350,000. A full breakdown of individual flat values is available upon request. There is also scope for a freehold ground rent investment sale following the sale of the leasehold flats and we would anticipate a figure in the region of £70,000 being achieved on the basis of a £250 per year ground rent on each of the 14 flats.

PLANNING -

Prior Approval for the conversion of the existing ground floor premises into 6 self-contained apartments was given under Application No. 19/03318/COU on 29 August 2019.



Planning consent for the creation of two additional storeys to provide an additional 8 self-contained apartments was granted under Application No. 19/04741/F on 3 April 2020.

COMMUNITY INFRASTRUCTURE LEVY (CIL) -

The CIL payable has been calculated at £45,403.13.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Energy Rating: D

SOLICITOR -

Mr L Lambrou, YVA Solicitors LLP
Tel: 020 8445 9898
Email: LLambrou@yvasolicitors.com

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, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a cheque/bank transfer for the deposit and buyer's premium must be received no later than 24 hours before the date of 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.