SALE AGREED. A fantastic development opportunity comprising an existing 3-bedroom house with full planning consent granted to extend and convert to 4 generous flats (2 x 2-beds & 2 x 1-beds) with associated parking and gardens. The site is situated in a convenient residential location that has excellent access to Kingswood High Street and the A4174 Ring Road. An ideal opportunity for builders and developers. 6 WEEK COMPLETION AVAILABLE
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 4th November 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
A 3-bedroom end terraced house with full planning permission to extend and convert into 4 large flats (2 x 2-beds & 2 x 1-beds). The property has been cleared internally in preparation for the conversation. The ground floor flats will both benefit from gardens and all of the flats will have an allocated parking spaces to the rear of the development (accessed via the existing lane leading to Church Road). A small parcel of land to the side of 103 Alma Road will be included in the sale as per the plans to facilitate the development.
The property is located on Alma Road providing easy access to the A4174 Ring Road and a wide range of amenities are available locally on Staple Hill and Kingswood high streets.
PROPOSED FLATS -
The ground floor flats will measure approximately 60 sq m and will comprise a bedroom, bathroom, open-plan kitchen/lounge/diner and bi-folding doors leading onto the rear gardens.
The two bedroom flats (arranged over the first and second floors of the building) will measure approximately 68 sq m and will comprise an open-plan kitchen/lounge/diner, bedroom, bathroom and a further bedroom with en-suite on the top floor.
All four flats will benefit from one allocated parking space at the rear of the property with two shared guest spaces.
Application No -
Description of Development -
Erection of three storey side and single storey side and rear extensions. Installation of rear dormers to existing building to facilitate the formation of 4 no. Flats (Class C3). Works to include creation of new vehicular access, parking areas and other associated works. (Resubmission of P19/18648/F).
GROSS DEVELOPMENT VALUE (GDV) -
We would anticipate resale values in the region of £190,000 for each 1-bedroom flat and £210,000 for each 2-bedroom flat, equating to a GDV of circa £800,000.
ENERGY PERFORMANCE CERTIFICATE -
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.
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.