DEVELOPMENT SITE - PLANNING GRANTED FOR 3 X 3-BEDROOM HOUSES
A parcel of land measuring approximately 0.14 acres with full planning consent granted for the erection of 3 x 3-bedroom houses with parking and gardens. We understand the planning conditions have been discharged, the working drawings have been produced and the site is ready for works to commence. A superb opportunity for builders and developers to create in exclusive development in this convenient location.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 13 February 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
The site is open for inspection at all times.
SUMMARY -
DEVELOPMENT SITE - PLANNING GRANTED FOR 3 X 3-BEDROOM HOUSES
DESCRIPTION -
A plot of land, approximately 0.14 acres in size, with full planning permission approved for the construction of three 3-bedroom houses, each featuring parking and gardens. It is understood that the planning conditions have been discharged, working drawings have been produced, and the site is ready for development to begin. This is an excellent opportunity for builders and developers to create an exclusive project in a highly convenient location.
LOCATION -
The site is situated adjacent to No. 2 Silver Street in a highly convenient location, close to all of the local amenities in the town centre. Midsomer Norton is a market town near the Mendip Hills in Bath and North East Somerset, which is 10 miles south-west of Bath, 10 miles north-east of Wells and 16 miles south-east of Bristol.
PLANNING -
Full planning consent was granted on 19/04/2023 for the construction of 3no. dwellings with access, parking, landscaping, screening and associated works under Application No. 22/01820/FUL.
SCHEDULE OF ACCOMMODATION -
PLOT 1 (109 m²) - Three storey house comprising an open-plan living room/kitchen, cloakroom, utility room, three bedrooms and three bathrooms.
PLOT 2 (109 m²) - Three storey house comprising an open-plan living room/kitchen, cloakroom, three bedrooms and three bathrooms.
PLOT 3 (92 m²) - Three storey house comprising an open-plan living room/kitchen, cloakroom, three bedrooms and two bathrooms.
GROSS DEVELOPMENT VALUE (GDV) -
We would anticipate a GDV in the region of £975,000 (£325,000 per house).
LOCAL AUTHORITY -
Bath & North East Somerset Council.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
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 £1,500 plus VAT (£1,800 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 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 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 within 5 working days.
