BUILDING PLOT - PLANNING GRANTED FOR 2 NEW DWELLINGS
An exciting development opportunity comprising a parcel of land measuring approximately 315 m² that is currently occupied by a 2-bedroom prefabricated bungalow. Full planning consent has been granted for the demolition of the existing property and the erection of two new semi-detached bungalows (1 x 2-bedroom bungalow and 1 x 1-bedroom bungalow). Situated with close proximity to Southmead Hospital, the site is ideal 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 FOR £191,000 - BUILDING PLOT - PLANNING GRANTED FOR 2 NEW DWELLINGS
DESCRIPTION -
An exciting development opportunity comprising a parcel of land measuring approximately 315 m² that is currently occupied by a 2-bedroom prefabricated bungalow. Full planning consent has been granted for the demolition of the existing property and the erection of two new semi-detached bungalows (1 x 2-bedroom bungalow and 1 x 1-bedroom bungalow). Situated with close proximity to Southmead Hospital, the site is ideal for builders and developers.
LOCATION -
The site is situated in a highly convenient location in Horfield with easy access provided to Southmead Hospital and Horfield Leisure Centre. The immediate area has undergone significant redevelopment in recent years and the subject property is one of the few remaining undeveloped prefab sites.
PLANNING -
Full planning consent was granted on appeal for the demolition of the existing bungalow and the construction of a pair of semi-detached bungalows (one 2 bedroom and one 1 bedroom) on 145 September 2021.
Planning Ref: 20/04902/F
Appeal Ref: APP/Z0116/W/21/3275479
LOCAL AUTHORITY -
Bristol City Council.
PROPOSED DWELLINGS & GDV -
PLOT 1: Two-bedroom semi-detached bungalow (61 m²) - £275,000
PLOT 2: One-bedroom semi-detached bungalow (50 m²) - £225,000
GROSS DEVELOPMENT VALUE (GDV): £500,000
TENURE -
The site is for sale on a freehold basis.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: G
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
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.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
