LAND FOR AUCTION - POSITIVE PRE-APP FOR THE ERECTION OF 2 HOUSES
An exciting development opportunity comprising a level parcel of land measuring approximately 385 m², situated on the corner of Hayward Road and North View in Staple Hill. A Pre-Application Planning Enquiry has been submitted to South Gloucestershire Council proposing the erection of two semi-detached houses with parking and gardens, which received a positive response. A superb opportunity for builders and developers.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 21 March 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD PRIOR - RESIDENTIAL DEVELOPMENT SITE WITH POSITIVE PRE-APPLICATION RESPONSE FOR TWO HOUSES
DESCRIPTION -
An exciting development opportunity comprising a level parcel of land measuring approximately 385 m², situated on the corner of Hayward Road and North View in Staple Hill. A Pre-Application Planning Enquiry has been submitted to South Gloucestershire Council proposing the erection of two semi-detached houses with parking and gardens, which received a positive response. A superb opportunity for builders and developers.
LOCATION -
The land is situated adjacent to 19 Hayward Road in Staple Hill on the corner of North View. Easy access is provided to a wide range of local amenities on Staple Hill High Street and excellent transport links are provided to Bristol city centre.
PLANNING HISTORY -
A Pre-Application Enquiry was submitted to South Gloucestershire Council on 9th October 2023 under Application No. PRE23/0558 and a response was received on 20th November 2023. The Pre-Application Enquiry included indicative plans for the erection of a pair of 3-bedroom semi-detached houses with off-street parking to the front and gardens to the rear. A full copy of the Pre-Application response is available in the online legal pack.
POTENTIAL GROSS DEVELOPMENT VALUE (GDV) -
If full planning consent can be obtained for the erection of 2 x 3-bedroom houses (similar to those submitted as part of the Pre-Application Enquiry), we would anticipate a GDV in the region of £660,000 (£330,000 per house).
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
The land is for sale on a freehold basis.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 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 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 (£1,500 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.
