RESIDENTIAL DEVELOPMENT SITE
A freehold development site with full planning consent granted for the erection of five detached 3-bedroom dwellings (2 x bungalows and 3 x two storey houses) with gardens and parking. The site measures approximately 0.57 acres and is situated to the rear of 225 and 227 Headley Lane. A superb opportunity to create an exclusive housing development in a popular Bristol suburb.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 13 September 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
RESIDENTIAL DEVELOPMENT SITE WITH FULL PLANNING GRANTED FOR 5 DETACHED DWELLINGS
A freehold development site with full planning consent granted for the erection of five detached 3-bedroom dwellings (2 x bungalows and 3 x two storey houses) with gardens and parking. The site measures approximately 0.57 acres and is situated to the rear of 225 and 227 Headley Lane. A superb opportunity for to create an exclusive housing development in a popular Bristol suburb.
The property is situated in a popular residential location on Headley Lane on the borders of Headley Park and Bishopsworth. Headley Park Primary School is less than 100 yards from the property and excellent transport links are provided to the city centre.
Full planning consent was granted on 4th February 2022 for the demolition of an annexe building, garages and outbuildings and the construction of an adoptable access road, 3 No. three-bedroom houses and 2 No. three-bedroom bungalows with associated landscaping, car parking, cycle parking, refuse and recycling provision, and amenity garden spaces under Application No. 20/04954/F.
SCHEDULE OF ACOMMODATION (GIA) -
UNIT 1: Three-Bedroom Bungalow - 86.5 SQ M
UNIT 2: Three-Bedroom Bungalow - 86.5 SQ M
UNIT 3: Three-Bedroom House - 100 SQ M
UNIT 4: Three-Bedroom House- 98 SQ M
UNIT 5: Three-Bedroom House - 98 SQ M
GROSS DEVELOPMENT VALUE (GDV) -
We anticipate a GDV in the region of £2,050,000 based upon the following individual values:
3-Bedroom Bungalows: £425,000 x 2
3-Bedroom Houses: £400,000 x 3
COMMUNITY INFRASTRUCTURE LEVY (CIL) -
The CIL has been calculated at £20,453.57.
LOCAL AUTHORITY -
Bristol City Council.
Please note that the adjoining bungalow (227 Headley Lane) is being sold as a separate lot in the same auction with a guide price of £250,000+. The purchaser of the development land will be responsible for providing 2 parking spaces to be allocated to 227 Headley Lane (as shown on the approved plans) during the course of the development. Please refer to the online legal pack for further details.
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.