GUIDE PRICE: £40,000-£50,000
An exciting redevelopment opportunity comprising a two storey coach house (approx. 102 sq m) in need of renovation that was previously used as offices. The property offers potential for conversion into a residential dwelling (subject to consents) and presents an excellent opportunity for builders and developers. Alternatively, the property could be retained and refurbished as a commercial premises. Accessed via double wooden gates fronting Meadow Street, the property benefits from shared access across a cobbled courtyard and the first floor accommodation provides a large open-plan space with vaulted ceiling and exposed beams.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 4 August 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
Strictly by Appointment with Maggs and Allen.
TWO STOREY COACH HOUSE (APPROX. 102 SQ M) WITH POTENTIAL FOR CONVERSION
A two storey period coach house building that has previously been used as offices and offers potential for residential conversion, subject to consents. The property is in need of renovation throughout and benefits from a large open-plan first floor with vaulted ceiling and exposed beams. An ideal opportunity for builders and developers to create a unique residential dwelling or refurbish as a commercial premises.
The property is situated to the rear of 87 Meadow Street in a central position close to the seafront in Weston-super-Mare. Access to the property is via double wooden gates which lead to a shared cobbled access and the coach house building is at the rear of the central courtyard.
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Comprising of an entrance hall, office, former kitchen, store room and toilet facilities.
FIRST FLOOR -
Comprising of a large open-plan office.
LOCAL AUTHORITY -
North Somerset Council.
We are informed by the Vendor that the property is for sale on a freehold basis with vacant possession. Please refer to the online legal pack for confirmation.
ENERGY PERFORMANCE CERTIFICATE -
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.