A substantial pair of adjoining three storey properties (approx. 4,914 sq ft), situated in a fantastic position just 50 yards from the seafront in Burnham-on-Sea. The properties are currently arranged as offices and offer potential for residential development, subject to obtaining the necessary planning consents. A superb freehold development opportunity with huge scope for a variety of different uses.
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.
TWO SUBSTANTIAL FREEHOLD PROPERTIES - RESIDENTIAL DEVELOPMENT OPPORTUNITY
A substantial pair of freehold properties occupying a corner position close to the seafront in Burnham-on-Sea. The properties are arranged over three storeys and currently provide extensive office accommodation with kitchen and toilet facilities. The properties offer potential for conversion to residential apartments or HMO accommodation, subject to consents. Alternatively, the buildings could be retained as a commercial or mixed-use premises. An ideal opportunity for builders and developers.
The properties are situated on the corner of College Street and John Street, just 50 yards from the seafront. College Street is a prominent high street within the popular seaside town of Burnham-on-Sea. Local amenities and services are all within close proximity including a wide range of retailers, cafes, bars and restaurants. Bristol City Centre is approximately 40 miles away and is easily accessible via the M5.
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR - Approx. 1,929 sq ft (179.2 sq m) -
Benefiting from full width windows to the front and three separate entrances, the ground floor accommodation is arranged to provide various offices, store rooms and a kitchenette. There are two separate staircases leading to the first floor.
FIRST FLOOR - Approx. 1,752 sq ft (162.7 sq m) -
The first floor is arranged to provide further office accommodation and two WCs.
SECOND FLOOR - Approx. 1,233 sq ft (114.6 sq m) -
The second floor provides additional office accommodation, storage and a shower room.
We understand that the property is to be sold on a freehold basis with vacant possession. Please refer to the legal pack for confirmation.
LOCAL AUTHORITY -
Sedgemoor District Council.
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.