Canonbury Street, Berkeley, Berkeley

Guide Price £450,000 - For Sale

  • For Sale By Public Auction
  • Thursday 17th September 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 rare opportunity to purchase a substantial and attractive Grade II listed former residential care home, situated in the heart of Berkeley in Gloucestershire. This impressive detached building measures approximately 4,773 sq ft and comprises a detached three storey house to the front with single storey rear addition, former stable and hayloft and a more recent single storey extension to the rear of the site. The property has been used as a care home up until August this year and now offers potential for a variety of different uses including residential development, subject to obtaining the necessary planning and listed building consents. The property benefits from gardens and a private car park to the rear. 6 WEEK COMPLETION AVAILABLE.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 17th September 2020 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

SUBSTANTIAL FORMER CARE HOME - POTENTIAL FOR RESIDENTIAL CONVERSION/DEVELOPMENT

DESCRIPTION -

An attractive Grade II listed period building that has previously been operating as a residential care home. The spacious accommodation measures approximately 4,773 sq ft (including the cellar) and is arranged to provide 13 bedrooms with additional communal rooms, kitchen and staff accommodation/offices. Externally, the property benefits from a vehicular access lane to the side, wrap around gardens and a private car park accessed through an archway under the former hayloft. The property offers potential for a variety of different uses including residential conversion/development and a scheme of mews cottages and self-contained flats may be suitable, subject to consents.
6 WEEK COMPLETION AVAILABLE

PLANNING -

We understand that the property currently benefits from a C2 (Residential Institutions) use class. The current owners have carried out a Pre-application enquiry with Stroud District Council in relation to a potential redevelopment of the property to provide 4 new, one and a half storey mews cottages at the rear of the site and 5 or 6 flats in the main building at the front. The Council's response to the Pre-application enquiry was very positive and a copy of the response along with the proposed plans will be available in the auction legal pack.

GROSS DEVELOPMENT VALUE (GDV) -

On the basis that planning and listed building consent can be obtained for a scheme similar to the one outlined in the Pre-application enquiry (4 x mews houses and 6 x flats), we would anticipate a GDV in the region of £1,500,000 - £1,600,000.

LOCATION -

The property is situated on Canonbury Street in the heart of the market town of Berkeley in Gloucestershire. A range of local amenities are easily accessible and the property sits less than 500m from the historic Berkeley Castle. Berkeley lies midway between Bristol and Gloucester and excellent transport links are provided via the M5 motorway.

ACCOMMODATION -

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

LOCAL AUTHORITY -

Stroud District Council.

SOLICITOR -

Andrew Cooper, Star Legal
Tel: 01454 414 342
Email: andrew.cooper@star-legal.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, TELEPHONE & ONLINE REMOTE BIDDING -

The 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 Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

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Maggs & Allen use all reasonable endeavours 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.