Dundridge Lane, St George, Bristol

Guide Price £175,000 - For Sale

  • For Sale By Public Auction
  • Tuesday 8th February 2022
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

DEVELOPMENT SITE WITH PLANNING GRANTED A parcel of land with full planning consent granted for the erection of a modern detached building comprising 3 x 2-bedroom flats with balconies and parking. The site is situated in a popular residential location on the borders of St George and Crews Hole. A fantastic opportunity for developers and builders to create an exclusive development of apartments. 6 WEEKS COMPLETION AVAILABLE

FOR SALE BY AUCTION -

This land is due to feature in our online auction on 8th February 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

8 FEBRUARY AUCTION - DEVELOPMENT SITE - PLANNING GRANTED FOR 3 X 2-BEDROOM FLATS

DESCRIPTION -

A parcel of land situated to the rear of 243 Dundridge Lane with full planning consent granted for the erection of 3 x 2-bedroom flats with parking and balconies. The proposed development will provide a modern three storey building with stunning views across the River Avon and beyond. A superb opportunity for builders and developers.
6 WEEK COMPLETION AVAILABLE

LOCATION -

The land is situated to the rear of 243 Dundridge Lane in St George with access via Niblett's Hill off Crews Hole Road. Easy access is provided to the city centre and a range of amenities in St George, Hanham and St Annes.

PROPOSED APARTMENTS - 50.2 sq m each -

FLAT 1: Ground floor flat - Kitchen/Living Room, 2 Bedrooms, Bathroom.
FLAT 2: First floor flat - Kitchen/Living Room, 2 Bedrooms, Bathroom.
FLAT 3: Second floor flat - Kitchen/Living Room, 2 Bedrooms, Bathroom.

GROSS DEVELOPMENT VALUE (GDV) -

We would anticipate a GDV in the region of £630,000 (£210,000 per flat).

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PLANNING -

Full planning consent was granted under application no. 06/00716/F in April 2006 and we are informed by our clients that a material start was made on the development (demolition of two existing buildings and initial excavations) meaning that the site is now considered 'live' by the Council. Two further applications to vary the plans were submitted and approved under applications 17/02475/NMA and 17/03796/X respectively.

LOCAL AUTHORITY -

Bristol City Council.

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 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 (£1,440 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.

Floorplan for Dundridge Lane, St George, Bristol