Gloucester Road, Patchway, Bristol

Guide Price £475,000 - For Sale

  • For Sale By Public Auction
  • Thursday 18th February 2021
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

VIDEO TOUR

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

DEVELOPMENT OPPORTUNITY - PLANNING FOR 9 FLATS A substantial detached office building (approx. 3,830 sq ft) with prior approval/planning consent granted to convert/extend to create a residential development comprising 9 self-contained apartments with allocated parking. The property is conveniently located for access to the M4 & M5 motorways as well as a wide range of employers including Rollls Royce and Airbus. A superb opportunity for builders and developers.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 18th February 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

DEVELOPMENT OPPORTUNITY - PLANNING GRANTED FOR 9 FLATS

DESCRIPTION -

A detached two storey office building with a large single storey rear extension. The property has been stripped out and is presented in shell-form ready to implement the approved planning consent for 9 residential units. The approved scheme will involve the conversion of the existing building into 8 flats with an additional ninth flat with roof terrace to be constructed above the single storey extension. All of the flats will benefit from their own allocated parking space.

LOCATION -

The property is situated on Gloucester Road (A38) in Patchway, North Bristol. Excellent transport links are provided to the M4 & M5 motorways, The Mall and a wide range of large employers including Airbus and Rollls Royce.

PLANNING -

Prior notification of a change of use from offices (Class B1 (a)) to Residential (Class C3) 8 no. Flats was granted on 1st April 2019 under application no. P19/1298/PNOR. A subsequent full planning application for the erection of a first floor extension to form 1no. Residential flat (Class C3), with associated works was granted on 17th November 2020 under application no. P20/09958/F. There may also be further potential under new ZA permitted development rights.

LOCAL AUTHORITY -

South Gloucestershire Council.

SCHEDULE OF ACCOMMODATION -

Flat 1: 35.9 sq m (Ground Floor 1-Bedroom Flat)
Flat 2: 38.6 sq m (Ground Floor 1-Bedroom Flat)
Flat 3: 46.0 sq m (Ground Floor 1-Bedroom Flat)
Flat 4: 48.0 sq m (Ground Floor 1-Bedroom Flat)
Flat 5: 35.7 sq m (Ground Floor 1-Bedroom Flat)
Flat 6: 34.4 sq m (First Floor 1-Bedroom Flat)
Flat 7: 43.4 sq m (First Floor 1-Bedroom Flat)
Flat 8: 86.0 sq m (Second Floor 2-Bedroom Flat)
Flat 9: 70.0 sq m (First Floor 2-Bedroom Flat)

GROSS DEVELOPMENT VALUE (GDV) -

We would anticipate a GDV for the development in the region of £1,350,000.

VAT -

Please note that the property has been elected for VAT.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C

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.